Southern First Bancshares (NASDAQ:SFST) Releases Earnings Results, Beats Estimates By $0.29 EPS

Southern First Bancshares (NASDAQ:SFST) announced its earnings results on Thursday. The bank reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.29, Zacks reports. Southern First Bancshares had a return on equity of 4.85% and a net margin of 7.28%.

Southern First Bancshares Price Performance

NASDAQ SFST opened at $36.80 on Friday. The firm’s 50 day moving average is $39.72 and its 200-day moving average is $36.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $300.29 million, a PE ratio of 19.17 and a beta of 0.85. Southern First Bancshares has a 12-month low of $24.98 and a 12-month high of $45.90.

Insider Buying and Selling

In other Southern First Bancshares news, CAO Julie Ann Fairchild sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $45.23, for a total transaction of $45,230.00. Following the transaction, the chief accounting officer now owns 5,840 shares of the company’s stock, valued at $264,143.20. The trade was a 14.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.62% of the stock is currently owned by corporate insiders.

Southern First Bancshares Company Profile

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.