FY2022 EPS Estimates for Southern First Bancshares, Inc. Reduced by DA Davidson (NASDAQ:SFST)

Southern First Bancshares, Inc. (NASDAQ:SFSTGet Rating) – Stock analysts at DA Davidson decreased their FY2022 EPS estimates for Southern First Bancshares in a research report issued to clients and investors on Thursday, May 12th. DA Davidson analyst K. Fitzsimmons now expects that the bank will earn $4.24 per share for the year, down from their previous forecast of $4.76. DA Davidson also issued estimates for Southern First Bancshares’ FY2023 earnings at $4.62 EPS.

Other equities analysts also recently issued research reports about the company. StockNews.com initiated coverage on Southern First Bancshares in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, April 1st.

Shares of SFST stock opened at $42.89 on Monday. The company has a market capitalization of $342.18 million, a P/E ratio of 7.34 and a beta of 0.94. The business’s 50 day moving average is $49.46 and its two-hundred day moving average is $56.35. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.13. Southern First Bancshares has a 12-month low of $42.69 and a 12-month high of $65.59.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Southern First Bancshares in the fourth quarter valued at approximately $847,000. Captrust Financial Advisors lifted its position in Southern First Bancshares by 52,283.9% during the third quarter. Captrust Financial Advisors now owns 61,813 shares of the bank’s stock worth $3,307,000 after buying an additional 61,695 shares in the last quarter. Maltese Capital Management LLC purchased a new position in Southern First Bancshares during the third quarter worth approximately $707,000. Goldman Sachs Group Inc. lifted its position in Southern First Bancshares by 27.0% during the third quarter. Goldman Sachs Group Inc. now owns 33,634 shares of the bank’s stock worth $1,799,000 after buying an additional 7,155 shares in the last quarter. Finally, Comerica Bank lifted its position in Southern First Bancshares by 0.8% during the third quarter. Comerica Bank now owns 50,732 shares of the bank’s stock worth $2,753,000 after buying an additional 393 shares in the last quarter. Institutional investors and hedge funds own 83.90% of the company’s stock.

Southern First Bancshares Company Profile (Get Rating)

Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It operates through three segments: Commercial and Retail Banking, Mortgage Banking, and Corporate Operations.

Further Reading

Earnings History and Estimates for Southern First Bancshares (NASDAQ:SFST)

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