Southern First Bancshares, Inc. (NASDAQ:SFST) has received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $40.50.
A number of analysts have commented on SFST shares. Zacks Investment Research upgraded shares of Southern First Bancshares from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Saturday, December 30th. ValuEngine upgraded shares of Southern First Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Finally, BidaskClub downgraded shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.
Southern First Bancshares (NASDAQ SFST) traded up $0.70 during mid-day trading on Tuesday, hitting $43.70. 4,403 shares of the company’s stock were exchanged, compared to its average volume of 16,250. Southern First Bancshares has a one year low of $31.40 and a one year high of $44.65. 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 debt-to-equity ratio of 0.36, a current ratio of 1.04 and a quick ratio of 1.03.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of Southern First Bancshares by 19.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 22,203 shares of the bank’s stock worth $822,000 after purchasing an additional 3,564 shares during the last quarter. OxFORD Asset Management LLP acquired a new position in shares of Southern First Bancshares in the 2nd quarter worth approximately $312,000. Wells Fargo & Company MN grew its stake in shares of Southern First Bancshares by 40.2% in the 2nd quarter. Wells Fargo & Company MN now owns 11,692 shares of the bank’s stock worth $432,000 after purchasing an additional 3,350 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Southern First Bancshares by 169.1% in the 2nd quarter. New York State Common Retirement Fund now owns 8,592 shares of the bank’s stock worth $318,000 after purchasing an additional 5,399 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Southern First Bancshares by 6.1% in the 2nd quarter. Vanguard Group Inc. now owns 199,557 shares of the bank’s stock worth $7,393,000 after purchasing an additional 11,495 shares during the last quarter. 69.79% of the stock is currently owned by institutional investors.
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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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