Southern First Bancshares, Inc. (SFST) Receives $40.50 Average PT from Brokerages

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.

In other news, CFO Michael D. Dowling sold 4,000 shares of Southern First Bancshares stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $42.29, for a total value of $169,160.00. Following the transaction, the chief financial officer now owns 28,007 shares of the company’s stock, valued at approximately $1,184,416.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $28,908.00. Following the completion of the transaction, the president now directly owns 72,232 shares in the company, valued at approximately $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 in the last ninety days. Corporate insiders own 12.85% of the company’s stock.

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.

ILLEGAL ACTIVITY WARNING: “Southern First Bancshares, Inc. (SFST) Receives $40.50 Average PT from Brokerages” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.com-unik.info/2018/02/09/southern-first-bancshares-inc-sfst-receives-40-50-average-pt-from-brokerages.html.

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.

Receive News & Ratings for Southern First Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern First Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit