Southern First Bancshares
Market Cap
US$283.2m
Last Updated
2019/07/17 00:09 UTC
Data Sources
Company Financials +
Executive Summary
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.
Snowflake
Fundamentals
Flawless balance sheet with proven track record.
Risks
- Southern First Bancshares is covered by less than 3 analysts.
Similar Companies
Share Price & News
How has Southern First Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.7%
NasdaqGM:SFST
-1.0%
US Banks
0.6%
US Market
1 Year Return
-14.9%
NasdaqGM:SFST
-6.5%
US Banks
4.1%
US Market
SFST underperformed the Banks industry which returned -5.9% over the past year.
SFST underperformed the Market in United States of America which returned 4.7% over the past year.
Share holder returns
| SFST | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | -1.0% | 0.6% |
| 30 Day | 4.3% | 2.4% | 3.8% |
| 90 Day | 6.6% | -1.5% | 2.8% |
| 1 Year | -14.9%-14.9% | -3.9%-6.5% | 6.4%4.1% |
| 3 Year | 36.4%36.4% | 55.2%44.7% | 47.0%37.3% |
| 5 Year | 170.5%170.5% | 63.4%46.0% | 60.3%42.5% |
Price Volatility Vs. Market
How volatile is Southern First Bancshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Should You Investigate Southern First Bancshares, Inc. (NASDAQ:SFST) At US$38.77?1 month ago | Simply Wall St
How Much Are Southern First Bancshares, Inc. (NASDAQ:SFST) Insiders Taking Off The Table?1 month ago | Simply Wall St
Is Southern First Bancshares, Inc. (NASDAQ:SFST) A Volatile Stock?Valuation
Is Southern First Bancshares undervalued based on future cash flows and its price relative to the stock market?
0.433%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
Southern First Bancshares's share price is below the future cash flow value, but not at a moderate discount (< 20%).
Southern First Bancshares's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
Southern First Bancshares is good value based on earnings compared to the US Banks industry average.
Southern First Bancshares is good value based on earnings compared to the United States of America market.
Price Based on Expected Growth
Southern First Bancshares is poor value based on expected growth next year.
Price Based on Value of Assets
Southern First Bancshares is overvalued based on assets compared to the US Banks industry average.
Next Steps
Future Growth
How is Southern First Bancshares expected to perform in the next 1 to 3 years based on estimates from 2 analysts?
8.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
Southern First Bancshares's revenue is expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
Southern First Bancshares's earnings are expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).
Southern First Bancshares's revenue growth is expected to exceed the United States of America market average.
Southern First Bancshares's earnings growth is positive but not above the United States of America market average.
Southern First Bancshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
Unable to establish if Southern First Bancshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next Steps
Past Performance
How has Southern First Bancshares performed over the past 5 years?
27.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Southern First Bancshares has delivered over 20% year on year earnings growth in the past 5 years.
Southern First Bancshares's 1-year earnings growth exceeds its 5-year average (52.4% vs 27.6%)
Southern First Bancshares's earnings growth has exceeded the US Banks industry average in the past year (52.4% vs 40.7%).
Return on Equity
Southern First Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Return on Assets
Southern First Bancshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
Return on Capital Employed
Unable to establish if Southern First Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Next Steps
Financial Health
How is Southern First Bancshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Southern First Bancshares has an acceptable proportion of non-loan assets held.
Southern First Bancshares has a sufficient allowance for bad loans.
Southern First Bancshares's liabilities are made up of primarily low risk sources of funding.
Southern First Bancshares's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
Loans at Southern First Bancshares are broadly funded by customer deposits.
Southern First Bancshares has an acceptable level of bad loans (less than 2%).
Next Steps
Dividend
What is Southern First Bancshares's current dividend yield, its reliability and sustainability?
Dividend Yield and Payments Analysis
Unable to evaluate Southern First Bancshares's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate Southern First Bancshares's dividend against the top 25% market benchmark as the company has not reported any payouts.
Unable to perform a dividend volatility check as Southern First Bancshares has not reported any payouts.
Unable to verify if Southern First Bancshares's dividend has been increasing as the company has not reported any payouts.
Current Payout to Shareholders
Unable to calculate sustainability of dividends as Southern First Bancshares has not reported any payouts.
Future Payout to Shareholders
Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Next Steps
Management
What is the CEO of Southern First Bancshares's salary, the management and board of directors tenure and is there insider trading?
12.7yrs
Average management tenure
CEO
Art Seaver (55yo)
20.5yrs
Tenure
US$1,044,399
Compensation
Mr. R. Arthur Seaver, also known as Art, Jr., has been the Chief Executive Officer of Southern First Bancshares, Inc. (Alternate Name: Greenville First Bancshares, Inc.) and its subsidiary bank, Southern ...
CEO Compensation Analysis
Art's remuneration is about average for companies of similar size in United States of America.
Art's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
12.7yrs
Average Tenure
54.5yo
Average Age
The average tenure for the Southern First Bancshares management team is over 5 years, this suggests they are a seasoned and experienced team.
Board Age and Tenure
20.5yrs
Average Tenure
65yo
Average Age
The average tenure for the Southern First Bancshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Insider Trading
Southern First Bancshares individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 4,500 |
| Max Price | US$37.08 |
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 1,270 |
| Max Price | US$36.01 |
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 1,320 |
| Max Price | US$34.57 |
| Entity | Individual |
| Role | President |
| Shares | 5,000 |
| Max Price | US$39.00 |
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 1,000 |
| Max Price | US$30.90 |
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 1,430 |
| Max Price | US$36.50 |
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 1,620 |
| Max Price | US$40.10 |
| Entity | Individual |
| Role | Member of the Board of Directors |
| Shares | 1,000 |
| Max Price | US$40.35 |
Ownership Breakdown
Management Team
Art Seaver (55yo)
CEO & Director
- Tenure: 20.5yrs
- Compensation: $1.04m
Fred Gilmer (54yo)
Executive Vice President of Southern First Bank and Senior Lending Officer of Southern First Bank
- Tenure: 20.5yrs
- Compensation: $21.60k
F. Strickland (55yo)
President
- Tenure: 12.7yrs
- Compensation: $868.78k
Mike Dowling (47yo)
Executive VP & CFO
- Tenure: 8.3yrs
- Compensation: $699.44k
Len Howell
Executive VP & Executive VP of Southern First Bank
- Tenure: 6.8yrs
Julie Fairchild
Corporate Secretary
Board Members
Andy Cajka (59yo)
Director
- Tenure: 20.5yrs
- Compensation: $29.10k
Mark Cothran (61yo)
Director
- Tenure: 20.5yrs
- Compensation: $21.85k
Anne Ellefson (64yo)
Director
- Tenure: 18.5yrs
- Compensation: $28.50k
Leighton Cubbage (67yo)
Director
- Tenure: 20.5yrs
- Compensation: $21.10k
Dave Ellison (69yo)
Director
- Tenure: 20.5yrs
- Compensation: $25.85k
Fred Gilmer (83yo)
Director
- Tenure: 20.5yrs
- Compensation: $21.85k
Jimmy Orders (66yo)
Chairman of the Board
- Tenure: 20.5yrs
- Compensation: $34.70k
Tee Hooper (71yo)
Director
- Tenure: 20.5yrs
- Compensation: $26.60k
Trip Johnstone (58yo)
Director
- Tenure: 20.5yrs
- Compensation: $22.80k
Art Seaver (55yo)
CEO & Director
- Tenure: 19.5yrs
- Compensation: $1.04m
Company Information
Southern First Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Southern First Bancshares, Inc.
- Ticker: SFST
- Exchange: NasdaqGM
- Founded: 1999
- Industry: regional banks
- Sector: banks
- Market Cap: US$283.188m
- Shares outstanding: 7.51m
- Website: Click here
Number of Employees
Location
- Southern First Bancshares, Inc.
- 100 Verdae Boulevard
- Suite 100
- Greenville
- South Carolina
- 29607
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SFST | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Oct 1999 |
Biography
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 Geo ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/07/17 00:09 |
| End of Day Share Price | 2019/07/16 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.