Southern First Bancshares, Inc. has recently come under scrutiny after shares were issued a “sell” rating by renowned equities researchers at StockNews.com. Despite being a bank holding company that provides commercial, consumer and mortgage loans, Southern First Bancshares, Inc.’s current outlook is not favorable. The insiders themselves have shown interest in the company’s shares- with both David Andrew Borrmann and Anna T. Locke having recently bought shares in the company earlier this year.
Borrmann had bought 1,000 shares from the business’s stock with an average cost of $27.20 per share on May 1stand now holds 8,500 additional shares valued at $231,200 following this transaction. On February 22nd Locke also purchased 675 shares of the company’s stock with an average cost of $40.70 per share for a total value of $27,472.50 and she now owns 717 shares with an approximate value of $29,181.90.
These insider transactions may not be able to validate Southern First Bancshares upcoming prospects.The reasoning behind these actions remains unclear; puzzling questions arise as to why would insiders purchase more stocks if there is no plausible reason for it? Moreover, despite their recent investments raising eyebrows given the firm’s “sell” rating from StockNews.com- inside financial advisors believe Southern First Bancshares holds promise given it remains a dynamic entity pending systematic changes effectuation within operations.Minor uncertainties exist owing to vast competition resulting in lowered profitability margins but further diversification in portfolios accounts for full revival.However,the risks associated demand investor caution necessitating attentiveness when considering investing with Southern First Bancshares.Investors need to do so solely based on investigations by external sources that can tailor viable market investments in line with investors’ goals and aspirations regarding future gains.So don’t rush into impulsive decisions – consider your options carefully before investing – be vigilant!
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Southern First Bancshares Faces Ratings Changes and Market Fluctuations Amidst Active Year
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”SFST” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Southern First Bancshares, a U.S. financial holding company, has recently been subject to several ratings changes by equities analysts. TheStreet downgraded the company from a “b-” rating to a “c+” rating on April 11th of this year, while Piper Sandler decreased their target price on Southern First Bancshares from $36.00 to $30.00 in a report released on May 2nd.
Despite these developments, it should be noted that Southern First Bancshares has had an eventful year overall, marked by significant fluctuations in its stock value. The bank’s most recent opening price at NASDAQ SFST was reported as $23.88 on Thursday, accompanied by various other relevant data points including Southern First Bancshares’ fifty-two week low of $20.75 and high of $49.96.
The bank’s market capitalization currently sits at just over $192 million with a P/E ratio of 8.09 and beta of 0.80. Additionally, the organization possesses strong liquidity measures in both its debt-to-equity ratio and quick/current ratios.
Regarding institutional investors’ activity surrounding Southern First Bancshares, firms such as T. Rowe Price Investment Management Inc., Endeavour Capital Advisors Inc., Penn Capital Management Company LLC, Royal Bank of Canada, and JPMorgan Chase & Co have all recently bought and sold shares within the company.
Overall, it is clear that much is going on behind the scenes at Southern First Bancshares despite unstable ratings analyses by various sources throughout this year – making for an ever-evolving landscape worth keeping an eye on moving forward into the future building upon stimulus regulation promising good developments across financial sectors alike in these hopeful times ahead .
