Analysts Set Southern First Bancshares, Inc. (SFST) PT at $40.50
Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) have earned an average recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $40.50.
SFST has been the topic of a number of research reports. BidaskClub raised Southern First Bancshares from a “hold” rating to a “buy” rating in a report on Saturday. ValuEngine raised Southern First Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Finally, Zacks Investment Research raised Southern First Bancshares from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Saturday, December 30th.
In other Southern First Bancshares news, CFO Michael D. Dowling sold 4,000 shares of Southern First Bancshares stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $42.29, for a total value of $169,160.00. Following the transaction, the chief financial officer now directly owns 28,007 shares of the company’s stock, valued at approximately $1,184,416.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President F Justin Strickland sold 657 shares of Southern First Bancshares stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $44.00, for a total value of $28,908.00. Following the completion of the transaction, the president now directly owns 72,232 shares in the company, valued at $3,178,208. The disclosure for this sale can be found here. Insiders sold a total of 9,657 shares of company stock worth $416,122 over the last ninety days. Insiders own 12.85% of the company’s stock.
Shares of Southern First Bancshares (SFST) traded up $0.70 on Tuesday, hitting $43.70. The stock had a trading volume of 15,703 shares, compared to its average volume of 18,210. The company has a market cap of $321.11, a P/E ratio of 21.96 and a beta of 0.67. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.36. Southern First Bancshares has a 12-month low of $31.40 and a 12-month high of $44.65.
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About Southern First Bancshares
Southern First Bancshares, Inc is a bank holding company that owns the capital stock of Southern First Bank (the Bank), a South Carolina state bank, and all of the stock of Greenville First Statutory Trust I and II (the Trusts). The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina.
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