Southern First Bancshares, Inc. (NASDAQ:SFST – Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 59,500 shares, a growth of 30.8% from the September 15th total of 45,500 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,200 shares, the short-interest ratio is presently 2.8 days.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Southern First Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 19th.
View Our Latest Research Report on Southern First Bancshares
Insider Buying and Selling
Institutional Investors Weigh In On Southern First Bancshares
A number of institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Southern First Bancshares during the third quarter valued at approximately $101,000. BNP Paribas Financial Markets lifted its holdings in shares of Southern First Bancshares by 93.5% in the first quarter. BNP Paribas Financial Markets now owns 3,921 shares of the bank’s stock worth $125,000 after buying an additional 1,895 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its position in shares of Southern First Bancshares by 19.3% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 9,983 shares of the bank’s stock valued at $292,000 after purchasing an additional 1,614 shares in the last quarter. Long Focus Capital Management LLC bought a new stake in shares of Southern First Bancshares during the 2nd quarter valued at about $292,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Southern First Bancshares during the 1st quarter valued at about $394,000. 75.00% of the stock is owned by institutional investors.
Southern First Bancshares Stock Up 2.9 %
Southern First Bancshares stock traded up $1.02 during midday trading on Tuesday, reaching $36.74. The stock had a trading volume of 38,498 shares, compared to its average volume of 19,810. Southern First Bancshares has a 1-year low of $24.98 and a 1-year high of $39.36. The firm’s fifty day simple moving average is $32.46 and its 200-day simple moving average is $30.12. The stock has a market capitalization of $299.65 million, a P/E ratio of 22.40 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.10.
Southern First Bancshares (NASDAQ:SFST – Get Free Report) last released its quarterly earnings results on Thursday, July 18th. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.08. The business had revenue of $54.07 million during the quarter, compared to analysts’ expectations of $22.13 million. Southern First Bancshares had a return on equity of 4.41% and a net margin of 6.67%. As a group, analysts expect that Southern First Bancshares will post 1.39 EPS for the current fiscal year.
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.
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