Southern First Bancshares (SFST) Receiving Somewhat Positive Press Coverage, Report Finds

Media stories about Southern First Bancshares (NASDAQ:SFST) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Southern First Bancshares earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 45.1599813790088 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

SFST stock opened at $43.70 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. The stock has a market cap of $329.93, a P/E ratio of 21.96 and a beta of 0.69. Southern First Bancshares has a 1-year low of $31.50 and a 1-year high of $46.70.

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A number of brokerages have recently commented on SFST. Zacks Investment Research upgraded shares of Southern First Bancshares from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Friday. ValuEngine lowered shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, BidaskClub upgraded shares of Southern First Bancshares from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Southern First Bancshares presently has an average rating of “Buy” and an average price target of $42.00.

In related news, President F Justin Strickland sold 657 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $44.00, for a total value of $28,908.00. Following the transaction, the president now owns 72,232 shares of the company’s stock, valued at $3,178,208. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael D. Dowling sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $44.25, for a total transaction of $75,225.00. Following the completion of the transaction, the chief financial officer now directly owns 26,807 shares in the company, valued at approximately $1,186,209.75. The disclosure for this sale can be found here. In the last three months, insiders sold 7,357 shares of company stock worth $322,187. 12.85% of the stock is currently owned by insiders.

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About Southern First Bancshares

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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