Southern First Bancshares (NASDAQ:SFST) Issues Quarterly Earnings Results

Southern First Bancshares (NASDAQ:SFST) posted its quarterly earnings data on Tuesday. The bank reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.29, Zacks reports. Southern First Bancshares had a return on equity of 4.42% and a net margin of 6.67%.

Southern First Bancshares Price Performance

Shares of Southern First Bancshares stock opened at $37.01 on Tuesday. The firm has a fifty day moving average price of $40.30 and a two-hundred day moving average price of $36.59. Southern First Bancshares has a fifty-two week low of $24.98 and a fifty-two week high of $45.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $302.00 million, a PE ratio of 21.39 and a beta of 0.85.

Insider Activity

In related news, CAO Julie Ann Fairchild sold 1,000 shares of the business’s stock in a transaction dated 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 directly owns 5,840 shares in the company, valued at $264,143.20. The trade was a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 7.62% of the stock is owned by company 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.