For its second fiscal quarter (ending June 30), Southern First Bankshares Inc (NASDAQ: SFST) has reported a 19% increase in E.P.S. from $0.31 a year ago to $0.37 in the current quarter. This result exceeded the consensus estimate of $0.36 by $0.01. For the latest four quarters through June 30, E.P.S. were $1.70 compared to $2.39 a year ago — a decline of -29%.
Recent Price Action
Southern First Bankshares Inc (NASDAQ: SFST) stock closed at $35.85 on 7/18/24 after a large increase of 3.0%. Moreover, trading volume in this advance was exceptionally high at 363% of normal. The stock has risen 26.7% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SFST is expected to be a modest Value Builder.
Southern First Bankshares has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Southern First Bankshares has a good Appreciation Score of 77 but a neutral Power Rating of 42, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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