Analysts Release Southern First Bancshares, Inc. Earnings Forecast for Fiscal 2022 (NASDAQ:SFST)
Southern First Bancshares, Inc. (NASDAQ:SFST – Get Rating) – DA Davidson raised its FY2022 EPS estimates for Southern First Bancshares shares in a research note released Thursday, June 30. DA Davidson analyst K. Fitzsimmons now expects the bank to earn $4.41 per share for the year, up from its previous estimate of $4.24. Southern First Bancshares’ current annual earnings consensus estimate is $4.39 per share. DA Davidson also released earnings estimates for Southern First Bancshares for fiscal year 2023 at $4.93 EPS.
Southern First Bancshares (NASDAQ:SFST – Get Rating) last released quarterly earnings data on Tuesday, April 26. The bank reported earnings per share of $0.98 for the quarter, missing analyst consensus estimates of $1.08 per ($0.10). The company posted revenue of $26.09 million for the quarter, versus $25.96 million expected by analysts. Southern First Bancshares had a return on equity of 16.51% and a net margin of 40.68%.
Separately, StockNews.com began covering Southern First Bancshares shares in a research report on Thursday, March 31. They set a “holding” rating for the company.
NASDAQ:SFST opened at $44.28 on Monday. The company has a debt ratio of 0.13, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $353.27 million, a P/E ratio of 8.04 and a beta of 0.91. The company has a 50-day moving average price of $44.39 and a 200-day moving average price of $52.25. Southern First Bancshares has a fifty-two week low of $41.83 and a fifty-two week high of $65.59.
Hedge funds have recently changed their stakes in the company. Denali Advisors LLC bought a new position in Southern First Bancshares in Q4 valued at around $31,000. Amalgamated Bank acquired a new equity stake from Southern First Bancshares in Q1 worth $51,000. BNP Paribas Arbitrage SA increased its stake in shares of Southern First Bancshares by 58.2% in the 4th quarter. BNP Paribas Arbitrage SA now owns 2,676 shares in the bank valued at $167,000 after buying an additional 984 shares last quarter. MetLife Investment Management LLC increased its equity stake in Southern First Bancshares by 55.7% in Q1. MetLife Investment Management LLC now owns 3,316 shares of the bank valued at $169,000 after buying 1,186 additional shares last quarter. Finally, First Trust Advisors LP increased its stake in shares of Southern First Bancshares by 9.8% in the 1st quarter. First Trust Advisors LP now owns 4,032 shares of the bank valued at $205,000 after buying 360 more shares last quarter. 83.90% of the shares are held by institutional investors.
In other Southern First Bancshares news, Director Terry Grayson-Caprio purchased 1,000 shares of the company in a transaction on Monday May 16. The stock was purchased at an average price of $42.58 per share, with a total value of $42,580.00. As a result of the transaction, the administrator now directly owns 1,240 shares of the company, valued at approximately $52,799.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Insiders of the company own 7.34% of the shares of the company.
About Southern First Bancshares (Get an assessment)
Southern First Bancshares, Inc operates as a banking holding company for Southern First Bank which provides various banking products and services to the general public in South Carolina, North Carolina and Georgia. It operates through three segments: Commercial and Retail Banking, Mortgage Banking and Corporate Operations.
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