BidaskClub cut shares of Southern First Bancshares, Inc. (NASDAQ:SFST) from a buy rating to a hold rating in a research note released on Wednesday.
Several other equities analysts also recently weighed in on the company. Sandler O’Neill upgraded Southern First Bancshares from a hold rating to a buy rating and raised their price target for the company from $35.00 to $38.00 in a report on Monday, May 1st. ValuEngine upgraded Southern First Bancshares from a hold rating to a buy rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Southern First Bancshares from a buy rating to a hold rating in a report on Wednesday, March 29th. Finally, Keefe, Bruyette & Woods set a $36.00 price target on Southern First Bancshares and gave the company a hold rating in a report on Tuesday, April 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Southern First Bancshares presently has an average rating of Hold and a consensus target price of $38.33.
Shares of Southern First Bancshares (NASDAQ SFST) remained flat at $37.05 during mid-day trading on Wednesday. 16,960 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $36.19 and its 200-day moving average is $34.52. Southern First Bancshares has a one year low of $24.53 and a one year high of $38.55. The stock has a market cap of $240.08 million, a price-to-earnings ratio of 19.01 and a beta of 0.65.
A number of large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Southern First Bancshares by 8.1% in the first quarter. Wellington Management Group LLP now owns 415,019 shares of the bank’s stock valued at $13,550,000 after buying an additional 31,186 shares during the last quarter. Mendon Capital Advisors Corp boosted its position in shares of Southern First Bancshares by 0.6% in the first quarter. Mendon Capital Advisors Corp now owns 289,852 shares of the bank’s stock valued at $9,464,000 after buying an additional 1,605 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Southern First Bancshares by 2.1% in the first quarter. Vanguard Group Inc. now owns 188,062 shares of the bank’s stock valued at $6,140,000 after buying an additional 3,958 shares during the last quarter. State Street Corp boosted its position in shares of Southern First Bancshares by 10.0% in the fourth quarter. State Street Corp now owns 74,133 shares of the bank’s stock valued at $2,669,000 after buying an additional 6,728 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Southern First Bancshares by 181.4% in the first quarter. Geode Capital Management LLC now owns 57,829 shares of the bank’s stock valued at $1,888,000 after buying an additional 37,277 shares during the last quarter. Institutional investors own 57.83% of the company’s stock.
Southern First Bancshares Company Profile
Southern First Bancshares, Inc is a bank holding company that owns the capital stock of Southern First Bank (the Bank), a South Carolina state bank, and all of the stock of Greenville First Statutory Trust I and II (the Trusts). The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina.
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