Southern First Bancshares (NASDAQ:SFST) Stock Crosses Below 200 Day Moving Average – What’s Next?

Southern First Bancshares, Inc. (NASDAQ:SFST) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.00 and traded as low as $33.60. Southern First Bancshares shares last traded at $33.70, with a volume of 12,642 shares traded.

Southern First Bancshares Price Performance

The stock has a market cap of $276.26 million, a PE ratio of 17.63 and a beta of 0.83. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $36.81 and a two-hundred day simple moving average of $36.97.

Southern First Bancshares (NASDAQ:SFST) last released its earnings results on Thursday, January 30th. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.41 by $0.29. Southern First Bancshares had a return on equity of 4.85% and a net margin of 7.28%. Research analysts forecast that Southern First Bancshares, Inc. will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Southern First Bancshares

Hedge funds have recently modified their holdings of the business. Gabelli Funds LLC raised its holdings in shares of Southern First Bancshares by 0.9% during the 4th quarter. Gabelli Funds LLC now owns 33,041 shares of the bank’s stock worth $1,313,000 after acquiring an additional 300 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Southern First Bancshares by 3.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 15,746 shares of the bank’s stock worth $626,000 after purchasing an additional 462 shares during the period. Sheets Smith Wealth Management lifted its holdings in Southern First Bancshares by 3.3% during the 4th quarter. Sheets Smith Wealth Management now owns 15,191 shares of the bank’s stock valued at $604,000 after buying an additional 490 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Southern First Bancshares by 37.9% during the third quarter. BNP Paribas Financial Markets now owns 2,066 shares of the bank’s stock valued at $70,000 after acquiring an additional 568 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Southern First Bancshares by 4.9% in the 3rd quarter. Empowered Funds LLC now owns 14,430 shares of the bank’s stock worth $492,000 after buying an additional 670 shares during the period. Institutional investors own 75.00% 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.