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Southern First Bancshares Inc Stock Research

SFST

32.10USD+0.10(+0.31%)Delayed

Market Summary

USD32.10+0.10
Delayed
0.31%

SFST Alerts

SFST Stock Price

SFST RSI Chart

SFST Valuation

Market Cap

257.2M

Price/Earnings (Trailing)

8.83

Price/Sales (Trailing)

3.52

EV/EBITDA

0.62

Price/Free Cashflow

7.07

SFST Price/Sales (Trailing)

SFST Profitability

EBT Margin

54.29%

Return on Equity

9.89%

Return on Assets

0.79%

Free Cashflow Yield

14.14%

SFST Fundamentals

SFST Revenue

SFST Earnings

Earnings (TTM)

29.1M

Earnings Y/Y

-54.25%

Earnings Q/Q

-34.72%

Price Action

52 Week Range

31.3053.58
(Low)(High)

Last 7 days

-6.2%

Last 30 days

-20.0%

Last 90 days

-30.0%

Trailing 12 Months

-37.8%

SFST Financial Health

SFST Investor Care

Shares Dilution (1Y)

1.08%

Diluted EPS (TTM)

3.61

Peers (Alternatives to Southern First Bancshares)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
369.9B
128.7B
-9.85% -8.96%
9.82
2.87
5.79% -22.05%
217.0B
95.0B
-20.85% -35.83%
7.88
2.29
6.55% -13.92%
137.5B
54.0B
-21.26% -28.08%
10.43
2.55
36.10% -38.82%
52.4B
17.9B
-26.59% -35.86%
8.99
2.92
33.05% -26.85%
50.9B
21.1B
-20.57% -33.97%
8.33
2.41
9.94% 6.78%
9.0B
2.7B
-32.58% -27.06%
9.98
3.35
24.33% -9.91%
MID-CAP
6.5B
1.4B
-17.57% -11.29%
12.44
4.65
17.98% -15.83%
6.4B
1.5B
-21.33% -29.27%
11.11
4.36
46.29% 30.71%
4.2B
2.7B
-42.72% -57.89%
4.63
1.55
19.32% -19.66%
4.1B
1.4B
-26.94% -42.41%
7.4
3.02
33.23% 6.34%
SMALL-CAP
2.0B
378.2M
-3.47% -4.03%
13.45
5.28
19.24% -3.63%
1.5B
541.8M
-14.93% -16.80%
21.46
2.85
22.45% -51.22%
1.2B
221.8M
-17.39% -21.75%
10.21
5.62
27.86% 41.07%
1.2B
716.1M
-20.51% -35.13%
5.6
1.71
26.40% 6.70%

Financials for Southern First Bancshares

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q12021Q42021Q32021Q2
RevenueNaN%
EBITDA-6.9%139150---
EBITDA Margin-2.5%1.58*1.62*---
Earnings Before Taxes-34.0%38.0058.0061.00--
EBT Margin-6.6%0.61*0.65*---
Interest Expenses8.9%98.0090.0088.00--
Net Income-34.3%29.0044.0047.00--
Net Income Margin-6.8%0.47*0.50*---
Free Cahsflow-20.3%36.0046.00---
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets7.3%3,6923,4403,2883,0732,926
    Cash Equivalents6.4%171161182149167
  Net PPE-0.3%99.0010097.0095.0092.00
Liabilities7.8%3,3973,1523,0052,7942,648
Shareholder's Equity2.3%295288283279278
  Retained Earnings2.9%192187178171166
  Additional Paid-In Capital0.5%119118118117114
Shares Outstanding0.2%8.008.008.008.008.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-22.7%50.0065.0059.0075.0078.00
  Share Based Compensation4.2%2.002.002.002.002.00
Cashflow From Investing-19.6%-792-662-640-532-410
Cashflow From Financing18.5%746630610451399

Risks for SFST

What is the probability of a big loss on SFST?

61.9%


Probability that Southern First Bancshares stock will be more than 20% underwater in next one year

47.7%


Probability that Southern First Bancshares stock will be more than 30% underwater in next one year.

18.5%


Probability that Southern First Bancshares stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SFST drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Southern First Bancshares was unfortunately bought at previous high price.

Drawdowns

Returns for SFST

Cumulative Returns on SFST

11.7%


10-Year Cumulative Returns

3.2%


7-Year Cumulative Returns

-6.0%


5-Year Cumulative Returns

7.5%


3-Year Cumulative Returns

What are the long-term rolling returns for SFST?

FIve years rolling returns for Southern First Bancshares.

Annualized Returns

Which funds bought or sold SFST recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-08
SHEETS SMITH WEALTH MANAGEMENT
unchanged
-
62,119
694,119
0.11%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
added
1.17
26,900
272,900
-%
2023-02-15
MetLife Investment Management, LLC
added
16.73
38,020
172,020
-%
2023-02-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-18.47
-4,000
34,000
-%
2023-02-15
ALLIANCEBERNSTEIN L.P.
reduced
-17.03
-640,895
6,576,100
-%
2023-02-15
Metropolitan Life Insurance Co/NY
unchanged
-
1,777
21,777
-%
2023-02-15
CAPTRUST FINANCIAL ADVISORS
added
0.3
314,652
3,415,650
0.02%
2023-02-15
GAMCO INVESTORS, INC. ET AL
unchanged
-
117,254
1,313,250
0.01%
2023-02-14
RHUMBLINE ADVISERS
added
40.09
259,000
740,000
-%
2023-02-14
MALTESE CAPITAL MANAGEMENT LLC
sold off
-100
-208,000
-
-%

1–10 of 50

Latest Funds Activity

Are funds buying SFST calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own SFST
No. of Funds

Southern First Bancshares News

MarketBeat

Godsey & Gibb Inc. Takes Position in Southern First Bancshares, Inc ....

MarketBeat,
21 hours ago

Nasdaq

Schedule 13G FIlings of Southern First Bancshares

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
t. rowe price investment management, inc.
10.0%
799,080
SC 13G
Feb 14, 2023
price t rowe associates inc /md/
0.0%
1,242
SC 13G/A
Feb 08, 2023
fj capital management llc
3.60%
287,539
SC 13G/A
Feb 07, 2023
banc funds co llc
2.3%
186,493
SC 13G/A
Jan 25, 2023
blackrock inc.
8.7%
699,622
SC 13G
Feb 16, 2022
manulife financial corp
5.06%
-
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
8.2%
653,401
SC 13G/A
Feb 11, 2022
fj capital management llc
7.59%
600,284
SC 13G/A
Feb 03, 2022
blackrock inc.
6.5%
516,946
SC 13G/A
Jun 08, 2021
fj capital management llc
5.20%
408,105
SC 13G

SFST Fair Value

Recent SEC filings of Southern First Bancshares

View All Filings
Date Filed Form Type Document
Mar 24, 2023
SC 13G
Major Ownership Report
Mar 23, 2023
PRE 14A
PRE 14A
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Feb 23, 2023
4
Insider Trading
Feb 14, 2023
SC 13G
Major Ownership Report
Feb 14, 2023
SC 13G/A
Major Ownership Report
Feb 13, 2023
10-K
Annual Report

Latest Insider Trading transactions for SFST

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-14
ELLEFSON ANNE S
bought
16,375
32.75
500
-
2023-03-13
ELLISON DAVID G
bought
16,845
33.69
500
-
2023-03-10
ELLEFSON ANNE S
bought
9,125
36.5
250
-
2023-03-10
Aiken William M. III
bought
38,210
38.21
1,000
chief risk officer
2023-02-22
Locke Anna T
bought
27,472
40.7
675
-
2023-02-06
Lattimore Ray
bought
5,370
41.96
128
-
2023-02-02
Lattimore Ray
bought
88,913
41.96
2,119
-
2023-01-30
ELLISON DAVID G
bought
183,930
40.8732
4,500
-
2023-01-17
Dowling Michael D
acquired
-
-
2,000
cfo/coo
2023-01-17
King Silvia T
acquired
-
-
600
chief human resources officer

1–10 of 50

R. Arthur Seaver
280
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. 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. Its 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, the company provides other bank services, such as internet banking, cash management, safe deposit boxes, direct deposit, automatic drafts, bill payment, and mobile banking services. It operates through eight retail offices located in Greenville, Charleston, and Columbia; three retail offices located in Raleigh, Greensboro, and Charlotte markets; and one retail office located in Atlanta. The company was incorporated in 1999 and is headquartered in Greenville, South Carolina.

SFST Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income    
Loans$ 29,752$ 23,063$ 80,294$ 67,938
Investment securities5063551,428926
Federal funds sold and interest-bearing deposits with banks67668915167
Total interest income30,93423,48682,63769,031
Interest expense    
Deposits5,0219347,7733,009
Borrowings4593801,3621,147
Total interest expense5,4801,3149,1354,156
Net interest income25,45422,17273,50264,875
Provision for (reversal of) credit losses950(6,000)3,830(8,200)
Net interest income after provision for credit losses24,50428,17269,67273,075
Noninterest income    
Mortgage banking income1,2302,8293,9079,445
Service fees on deposit accounts194199594557
ATM and debit card income5595421,6511,532
Income from bank owned life insurance315321945919
Net lender and referral fees on PPP loans 268
Loss on disposal of fixed assets (394) 
Other income3823481,1701,043
Total noninterest income2,6804,2397,87313,764
Noninterest expenses    
Compensation and benefits9,8439,06429,21426,897
Occupancy2,4421,6856,4394,875
Other real estate owned (income) expenses(3)385
Outside service and data processing costs1,5291,3684,5914,072
Insurance5072441,134807
Professional fees5556941,8481,905
Marketing338247934645
Other8327402,3602,109
Total noninterest expenses16,04614,03946,52041,695
Income before income tax expense11,13818,37231,02545,144
Income tax expense2,7254,3557,40210,438
Net income$ 8,413$ 14,017$ 23,623$ 34,706
Earnings per common share    
Basic (in Dollars per share)$ 1.06$ 1.78$ 2.97$ 4.43
Diluted (in Dollars per share)$ 1.04$ 1.75$ 2.93$ 4.36
Weighted average common shares outstanding    
Basic (in Shares)7,972,1467,873,8687,954,0257,832,330
Diluted (in Shares)8,065,0878,001,0288,071,9887,966,065

SFST Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Cash and cash equivalents:  
Cash and due from banks$ 16,530$ 21,770
Federal funds sold139,54486,882
Interest-bearing deposits with banks4,53258,557
Total cash and cash equivalents160,606167,209
Investment securities:  
Investment securities available for sale91,521120,281
Other investments5,4494,021
Total investment securities96,970124,302
Mortgage loans held for sale9,24313,556
Loans3,030,0272,489,877
Less allowance for credit losses(36,317)(30,408)
Loans, net2,993,7102,459,469
Bank owned life insurance50,77849,833
Property and equipment, net99,53092,370
Deferred income taxes, net18,4258,397
Accrued interest receivable7,9497,624
Other assets2,4582,788
Total assets3,439,6692,925,548
LIABILITIES  
Deposits3,001,4522,563,826
FHLB advances and related debt60,000
Subordinated debentures36,18736,106
Other liabilities54,24547,715
Total liabilities3,151,8842,647,647
SHAREHOLDERS’ EQUITY  
Preferred stock, par value $.01 per share, 10,000,000 shares authorized
Common stock, par value $.01 per share, 10,000,000 shares authorized, 7,997,344 and 7,925,819 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively8079
Nonvested restricted stock(3,348)(1,435)
Additional paid-in capital118,433114,226
Accumulated other comprehensive loss(14,009)(740)
Retained earnings186,629165,771
Total shareholders’ equity287,785277,901
Total liabilities and shareholders’ equity$ 3,439,669$ 2,925,548