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

Southern First Bancshares (NASDAQ:SFST) released its quarterly earnings results on Thursday. The bank reported $0.70 EPS for the quarter, topping the consensus estimate 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 Stock Performance

Southern First Bancshares stock traded up $0.18 during mid-day trading on Friday, reaching $37.94. 4,248 shares of the company were exchanged, compared to its average volume of 14,427. The firm has a market cap of $309.56 million, a PE ratio of 19.76 and a beta of 0.85. 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 simple moving average is $39.97 and its two-hundred day simple moving average is $36.71. Southern First Bancshares has a twelve month low of $24.98 and a twelve month high of $45.90.

Insider Transactions at Southern First Bancshares

In other Southern First Bancshares news, CAO Julie Ann Fairchild sold 1,000 shares of Southern First Bancshares stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $45.23, for a total value of $45,230.00. Following the sale, the chief accounting officer now owns 5,840 shares of the company’s stock, valued at approximately $264,143.20. The trade was a 14.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.62% of the company’s stock.

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.