Southern First Bancshares (NASDAQ:SFST) Issues Earnings Results

Southern First Bancshares (NASDAQ:SFST - Get Free Report) released its quarterly earnings results 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. Southern First Bancshares had a return on equity of 4.41% and a net margin of 6.67%. The business had revenue of $54.35 million during the quarter, compared to analysts' expectations of $23.57 million. During the same period last year, the firm posted $0.51 EPS.

Southern First Bancshares Price Performance

Shares of NASDAQ SFST traded up $0.68 during midday trading on Wednesday, reaching $38.43. The company's stock had a trading volume of 16,390 shares, compared to its average volume of 19,751. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.10. The company has a market cap of $313.44 million, a P/E ratio of 23.43 and a beta of 0.81. The business's 50 day moving average price is $33.38 and its two-hundred day moving average price is $30.48. Southern First Bancshares has a fifty-two week low of $24.98 and a fifty-two week high of $39.36.

Analyst Upgrades and Downgrades

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

Insider Activity at Southern First Bancshares

In other Southern First Bancshares news, Director Leighton M. Cubbage sold 1,744 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $31.18, for a total transaction of $54,377.92. Following the transaction, the director now owns 58,818 shares in the company, valued at $1,833,945.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Leighton M. Cubbage sold 2,515 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $33.29, for a total transaction of $83,724.35. Following the completion of the sale, the director now owns 54,303 shares of the company's stock, valued at approximately $1,807,746.87. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Leighton M. Cubbage sold 1,744 shares of Southern First Bancshares stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $31.18, for a total transaction of $54,377.92. Following the completion of the transaction, the director now directly owns 58,818 shares in the company, valued at $1,833,945.24. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,549 shares of company stock worth $178,118. Company insiders own 7.62% of the company's stock.

About Southern First Bancshares

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.