Southern First Bancshares (NASDAQ:SFST) Releases Earnings Results, Beats Estimates By $0.16 EPS

Southern First Bancshares (NASDAQ:SFST) released its quarterly earnings data on Tuesday. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.16, RTT News reports. The company had revenue of $54.35 million for the quarter, compared to analyst estimates of $23.57 million. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.41%. During the same period in the previous year, the business earned $0.51 EPS.

Southern First Bancshares Stock Performance

Shares of SFST traded down $0.64 during trading hours on Thursday, hitting $37.79. The company had a trading volume of 11,508 shares, compared to its average volume of 19,710. The business has a fifty day moving average of $33.50 and a 200-day moving average of $30.53. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.87. The firm has a market cap of $308.22 million, a price-to-earnings ratio of 23.04 and a beta of 0.81. Southern First Bancshares has a 12 month low of $24.98 and a 12 month high of $39.36.

Insider Buying and Selling

In other Southern First Bancshares news, Director Leighton M. Cubbage sold 1,290 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $31.02, for a total value of $40,015.80. Following the transaction, the director now directly owns 60,562 shares of the company’s stock, valued at $1,878,633.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Leighton M. Cubbage sold 1,290 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $31.02, for a total value of $40,015.80. Following the completion of the sale, the director now directly owns 60,562 shares in the company, valued at $1,878,633.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Leighton M. Cubbage sold 1,744 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $31.18, for a total value of $54,377.92. Following the transaction, the director now owns 58,818 shares in the company, valued at $1,833,945.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,549 shares of company stock valued at $178,118. Company insiders own 7.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Southern First Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, July 19th.

Southern First Bancshares Company Profile

Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides commercial, consumer, and mortgage loans to the general public in South Carolina, North Carolina, and Georgia. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily money market accounts and long-term certificates of deposit.