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 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. The company's loan portfolio comprises commercial real estate loans; construction real estate loans; commercial business loans for various lines of businesses, such as the manufacturing, service industry, and professional service areas; consumer real estate and home equity loans; and other consumer loans, including secured and unsecured installment loans and revolving lines of credit. In addition, it provides other bank services, such as internet banking, cash management, safe deposit boxes, direct deposit, automatic drafts, bill payment, and mobile banking services. The company operates through ten retail offices located in Greenville, Charleston, and Columbia; two retail offices located in Raleigh and Greensboro markets; and one retail office located in Atlanta. Southern First Bancshares, Inc. was founded in 1999 and is headquartered in Greenville, South Carolina.
IPO Year:
Exchange: NASDAQ
Website: southernfirst.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/3/2024 | $34.00 → $44.00 | Neutral → Overweight | Piper Sandler |
| 12/5/2022 | $51.00 | Neutral | Piper Sandler |
| 8/1/2022 | $52.00 → $50.00 | Buy → Neutral | DA Davidson |
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GREENVILLE, S.C., Oct. 22, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended September 30, 2024. "Our third quarter results continued our positive momentum and outlook this year. Our focus on building a high-quality balance sheet again rewarded us with outstanding asset quality performance, which is among the industry's best. We are well-positioned for increasing profitability in this operating environment despite persistent growth headwinds and unc
GREENVILLE, S.C., July 18, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended June 30, 2024. "We reported solid performance in the second quarter with improved profitability across all measures. Loans and core deposits were modestly down, as expected, as we continue to focus on disciplined pricing on both sides of the balance sheet. Noninterest-bearing deposit growth was excellent, which reflects the strength of our team. We are expanding profitable
GREENVILLE, S.C., May 6, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, is pleased to announce the appointment of Chris Zych as Chief Financial Officer and Executive Vice President. Zych joins Southern First with 30 years of experience in the banking industry, most recently serving as Director of Corporate Development and Investor Relations at United Community Bank for the last decade. Zych is a highly accomplished leader with a proven track record of financial management and analysis, formulation and execution of c
GREENVILLE, S.C., April 18, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended March 31, 2024. "Our team generated excellent performance during the first quarter in terms of growing profitable client relationships and continuing to manage our credit quality exceptionally well," stated Art Seaver, the Company's Chief Executive Officer. "Our disciplined approach to pricing both loans and deposits resulted in improvement in our net interest margin, and
GREENVILLE, S.C., Jan. 18, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three and twelve months ended December 31, 2023. "We are pleased with our fourth quarter results as we saw further growth in book value, stability in net interest margin and strong credit quality," stated Art Seaver, the Company's Chief Executive Officer. "We are beginning 2024 with excellent momentum and a proven ability to grow organic and high quality client relationships in every market we ser
GREENVILLE, S.C., July 25, 2023 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended June 30, 2023. "I am proud of our team's performance during a volatile quarter for the banking industry," stated Art Seaver, the Company's Chief Executive Officer. "It was a strong quarter in terms of new deposit accounts, loan growth, mortgage production, and credit quality. We witnessed margin stabilization in the latter half of the quarter and expect continued momentum i
GREENVILLE, S.C., April 25, 2023 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended March 31, 2023. "While the current interest rate environment continues to be challenging in terms of margin and earnings, we are excited about the outstanding retail deposit growth and record number of client accounts opened during the first quarter of 2023," stated Art Seaver, the Company's Chief Executive Officer. "We continue to enjoy strong momentum in attracting new c
GREENVILLE, S.C., April 3, 2023 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, is pleased to announce the appointment of Andy Borrmann as Chief Financial Officer and Executive Vice President. Borrmann joins Southern First with nearly 30 years of experience in the financial industry. After graduating from Arizona State University with a bachelor's degree in finance in 1996, Borrmann spent over a decade as a bank analyst for SunTrust Robinson Humphrey and Morgan Keegan reporting on regional and community banks. For the pas
GREENVILLE, S.C., March 16, 2023 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, is proud to announce our new Dream Mortgage Center. Southern First's mission is to impact lives in the communities we serve, and we are passionate about creating incredible client experiences. One of the most impactful and wealth-building events in a person's life is becoming a homeowner, and for many members of our community, the path to homeownership can be daunting. The Dream Mortgage Center is a new concept by Southern First – a mortgage
GREENVILLE, S.C., Jan. 24, 2023 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three and twelve months ended December 31, 2022. "Southern First continues to attract talented bankers, and clients are moving their relationships to Southern First at a record pace," stated Art Seaver, the company's Chief Executive Officer. "In the fourth quarter of 2022, our team generated the largest loan growth quarter in our company's history. While this transitional interest rate cycle of the
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Piper Sandler upgraded Southern First Bancshares from Neutral to Overweight and set a new price target of $44.00 from $34.00 previously
Piper Sandler initiated coverage of Southern First Bancshares with a rating of Neutral and set a new price target of $51.00
DA Davidson downgraded Southern First Bancshares from Buy to Neutral and set a new price target of $50.00 from $52.00 previously
Janney Capital downgraded Southern First Bancshares from Buy to Neutral and set a new price target of $57.50
Janney Montgomery Scott downgraded Southern First Bancshares from Buy to Neutral
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GREENVILLE, S.C., May 6, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, is pleased to announce the appointment of Chris Zych as Chief Financial Officer and Executive Vice President. Zych joins Southern First with 30 years of experience in the banking industry, most recently serving as Director of Corporate Development and Investor Relations at United Community Bank for the last decade. Zych is a highly accomplished leader with a proven track record of financial management and analysis, formulation and execution of c
GREENVILLE, S.C., April 3, 2023 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, is pleased to announce the appointment of Andy Borrmann as Chief Financial Officer and Executive Vice President. Borrmann joins Southern First with nearly 30 years of experience in the financial industry. After graduating from Arizona State University with a bachelor's degree in finance in 1996, Borrmann spent over a decade as a bank analyst for SunTrust Robinson Humphrey and Morgan Keegan reporting on regional and community banks. For the pas
GREENVILLE, S.C., Aug. 23, 2022 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, is pleased to announce the appointment of Cal Hurst to President. Hurst has served as Chief Banking Officer and Executive Vice President of Southern First since 2019, contributing to the bank's strategic growth and planning as well as overseeing the company's retail banking, deposit operations, and marketing divisions. Hurst has over 16 years of experience in the banking industry and is passionate about positively impacting everyone he connect
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GREENVILLE, S.C., Oct. 22, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended September 30, 2024. "Our third quarter results continued our positive momentum and outlook this year. Our focus on building a high-quality balance sheet again rewarded us with outstanding asset quality performance, which is among the industry's best. We are well-positioned for increasing profitability in this operating environment despite persistent growth headwinds and unc
GREENVILLE, S.C., July 18, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended June 30, 2024. "We reported solid performance in the second quarter with improved profitability across all measures. Loans and core deposits were modestly down, as expected, as we continue to focus on disciplined pricing on both sides of the balance sheet. Noninterest-bearing deposit growth was excellent, which reflects the strength of our team. We are expanding profitable
GREENVILLE, S.C., April 18, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended March 31, 2024. "Our team generated excellent performance during the first quarter in terms of growing profitable client relationships and continuing to manage our credit quality exceptionally well," stated Art Seaver, the Company's Chief Executive Officer. "Our disciplined approach to pricing both loans and deposits resulted in improvement in our net interest margin, and
GREENVILLE, S.C., Jan. 18, 2024 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three and twelve months ended December 31, 2023. "We are pleased with our fourth quarter results as we saw further growth in book value, stability in net interest margin and strong credit quality," stated Art Seaver, the Company's Chief Executive Officer. "We are beginning 2024 with excellent momentum and a proven ability to grow organic and high quality client relationships in every market we ser
GREENVILLE, S.C., July 25, 2023 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended June 30, 2023. "I am proud of our team's performance during a volatile quarter for the banking industry," stated Art Seaver, the Company's Chief Executive Officer. "It was a strong quarter in terms of new deposit accounts, loan growth, mortgage production, and credit quality. We witnessed margin stabilization in the latter half of the quarter and expect continued momentum i
GREENVILLE, S.C., April 25, 2023 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended March 31, 2023. "While the current interest rate environment continues to be challenging in terms of margin and earnings, we are excited about the outstanding retail deposit growth and record number of client accounts opened during the first quarter of 2023," stated Art Seaver, the Company's Chief Executive Officer. "We continue to enjoy strong momentum in attracting new c
GREENVILLE, S.C., Jan. 24, 2023 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three and twelve months ended December 31, 2022. "Southern First continues to attract talented bankers, and clients are moving their relationships to Southern First at a record pace," stated Art Seaver, the company's Chief Executive Officer. "In the fourth quarter of 2022, our team generated the largest loan growth quarter in our company's history. While this transitional interest rate cycle of the
GREENVILLE, S.C., Oct. 25, 2022 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended September 30, 2022. "The third quarter saw exceptional growth for our company, including opening a record number of new deposit accounts," stated Art Seaver, the company's Chief Executive Officer. "I am proud of the performance of our team as we also experienced solid increases in total revenue and book value during the quarter." 2022 Third Quarter Highlights Net income w
GREENVILLE, S.C., July 26, 2022 /PRNewswire/ -- Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, today announced its financial results for the three-month period ended June 30, 2022. "I am incredibly proud of the Southern First team as they generated significant new client relationships and record loan growth for the second quarter," stated Art Seaver, the company's Chief Executive Officer. "During this time of high inflation, rising interest rates, and the resulting transition in housing and mortgage, our team's efforts resulted in stron
Southern First Bancshares, Inc. (NASDAQ:SFST), holding company for Southern First Bank, is pleased to announce the appointment of Chris Zych as Chief Financial Officer and Executive Vice President. Zych joins Southern First with 30 years of experience in the banking industry, most recently serving as Director of Corporate Development and Investor Relations at United Community Bank for the last decade. Zych is a highly accomplished leader with a proven track record of financial management and analysis, formulation and execution of corporate and financial strategy, and investor relations management. Zych holds a Master of Business Administration from Wake Forest University School of Business
Southern First Bancshares (NASDAQ:SFST) reported quarterly earnings of $0.31 per share which missed the analyst consensus estimate of $0.34 by 8.82 percent. This is a 6.06 percent decrease over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $18.64 million which missed the analyst consensus estimate of $22.26 million by 16.24 percent. This is a 8.71 percent decrease over sales of $20.42 million the same period last year.
Southern First Bancshares (NASDAQ:SFST) reported quarterly earnings of $0.51 per share which beat the analyst consensus estimate of $0.38 by 34.21 percent. This is a 25 percent decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $19.06 million which missed the analyst consensus estimate of $20.52 million by 7.12 percent. This is a 20.98 percent decrease over sales of $24.12 million the same period last year.
Piper Sandler upgraded its rating of Southern First Bancshares (NASDAQ:SFST) to Overweight with a price target of $44.00, changing its price target from $34.00 to $44.00. Shares of Southern First Bancshares are trading up 0.19% over the last 24 hours, at $36.89 per share. A move to $44.00 would account for a 19.27% increase from the current share price. About Southern First Bancshares Southern First Bancshares Inc is a bank holding company. The primary business of the company is to serve as the holding company for Southern First Bank. The Bank is engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corp and providing commercial, c
Piper Sandler analyst Casey Orr Whitman upgrades Southern First Bancshares (NASDAQ:SFST) from Neutral to Overweight and raises the price target from $34 to $44.
On Thursday, 498 companies reached new 52-week lows. Things to Consider About Today's 52-Week Lows: Pfizer (NYSE:PFE) was the biggest company in terms of market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was NovaBay Pharmaceuticals (AMEX:NBY). Mullen Automotive (NASDAQ:MULN)'s stock traded down the lowest, falling 2028.33% to reach a new 52-week low. Innoviz Technologies (NASDAQ:INVZ) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low. The following stocks created new 52-week lows on Thursday: Pfizer (NYSE:PFE) stock drifted down 0.18% on Thursday morning to hit a new 52-week low of $38.02. C
On Wednesday, 345 companies set new 52-week lows. Interesting Highlights From Today's 52-Week Lows: Pfizer (NYSE:PFE) was the largest company by market cap to set a new 52-week low. The smallest company by market cap to set a new 52-week low was Windtree Therapeutics (NASDAQ:WINT). SharpLink Gaming (NASDAQ:SBET) made the largest move down on the session, with shares plummeting 832.52% to reach its 52-week low. Hope Bancorp (NASDAQ:HOPE) shares were the most resilient of the group, as shares actually moved up 0.0% in response to hitting its 52-week low. The stocks that set new 52-week lows on Wednesday: Danaher (NYSE:DHR) shares made a new 52-week low of $227.07 on Wednesday. T
Tuesday's session saw 286 companies set new 52-week lows. Significant Points From Today's 52-Week Lows: The largest company by market cap to set a new 52-week low was U.S. Bancorp (NYSE:USB). Windtree Therapeutics (NASDAQ:WINT) is the smallest company on a market cap basis to set a new 52-week low. cbdMD (AMEX:YCBD) made the largest move down on the session, with shares plummeting 4671.11% to reach its 52-week low. Chimerix (NASDAQ:CMRX)'s stock made the biggest reversal, trading up 0.0% shortly after dropping to a new 52-week low. Here is a list of stocks that set new 52-week lows on Tuesday: U.S. Bancorp (NYSE:USB) shares hit a yearly low of $32.15. The stock was down 1.66%
Southern First Bancshares (NASDAQ:SFST) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.67 by 50.75 percent. This is a 66.33 percent decrease over earnings of $0.98 per share from the same period last year.
During Friday's session, 149 stocks hit new 52-week lows. Noteworthy Highlights From Today's 52-Week Lows: The company with the largest market cap to set a new 52-week low was U.S. Bancorp (NYSE:USB). The smallest company by market cap to set a new 52-week low was Allarity Therapeutics (NASDAQ:ALLR). Ouster (NYSE:OUST)'s stock dropped the most, trading down 838.98% to reach a new 52-week low. Arbe Robotics (NASDAQ:ARBE) shares actually gained 0.0%, rebounding after it reached its 52-week low. The following stocks set new 52-week lows on Friday: U.S. Bancorp (NYSE:USB) stock achieved a new 52-week low on Friday morning, hitting $32.61 and moving down 5.64%. Albemarle (NYSE:ALB