Southern First Bancshares (SFST) Projected to Post Quarterly Earnings on Thursday

Southern First Bancshares (NASDAQ:SFST) is expected to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.41 per share for the quarter.

Southern First Bancshares (NASDAQ:SFST) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.16. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.42%. The firm had revenue of $54.35 million for the quarter, compared to the consensus estimate of $23.57 million. During the same period last year, the firm earned $0.51 earnings per share. On average, analysts expect Southern First Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Southern First Bancshares Price Performance

NASDAQ SFST opened at $36.58 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50 day moving average price is $40.30 and its 200-day moving average price is $36.47. Southern First Bancshares has a 52-week low of $24.98 and a 52-week high of $45.90. The company has a market cap of $298.49 million, a PE ratio of 21.14 and a beta of 0.85.

Insider Activity at Southern First Bancshares

In related news, CAO Julie Ann Fairchild sold 1,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $45.23, for a total transaction of $45,230.00. Following the completion of the sale, the chief accounting officer now owns 5,840 shares of the company’s stock, valued at $264,143.20. This represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.62% of the stock is currently owned by corporate insiders.

About Southern First Bancshares

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.