Southern First Bancshares
Market Cap
US$384.4m
Last Updated
2021/04/12 23:23 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
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
Stable Share Price: SFST is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SFST's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.4%
SFST
1.3%
US Banks
0.9%
US Market
1 Year Return
71.5%
SFST
64.6%
US Banks
57.9%
US Market
Return vs Industry: SFST exceeded the US Banks industry which returned 56.9% over the past year.
Return vs Market: SFST exceeded the US Market which returned 56.3% over the past year.
Shareholder returns
| SFST | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | 1.3% | 0.9% |
| 30 Day | -8.9% | -0.2% | 2.3% |
| 90 Day | 27.9% | 14.6% | 6.3% |
| 1 Year | 71.5%71.5% | 70.1%64.6% | 60.8%57.9% |
| 3 Year | 7.9%7.9% | 27.6%16.6% | 64.5%53.9% |
| 5 Year | 102.9%102.9% | 104.8%78.9% | 120.9%96.4% |
Long-Term 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
4 days ago | Simply Wall St
Does Southern First Bancshares' (NASDAQ:SFST) Share Price Gain of 94% Match Its Business Performance?1 month ago | Simply Wall St
This Insider Has Just Sold Shares In Southern First Bancshares, Inc. (NASDAQ:SFST)2 months ago | Simply Wall St
Have Southern First Bancshares, Inc. (NASDAQ:SFST) Insiders Been Selling Their Stock?Valuation
Is Southern First Bancshares undervalued compared to its fair value and its price relative to the market?
32.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SFST ($48.47) is trading below our estimate of fair value ($73.29)
Significantly Below Fair Value: SFST is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SFST is poor value based on its PE Ratio (20.4x) compared to the US Banks industry average (13.3x).
PE vs Market: SFST is good value based on its PE Ratio (20.4x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: SFST is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: SFST is overvalued based on its PB Ratio (1.7x) compared to the US Banks industry average (1.1x).
Future Growth
How is Southern First Bancshares forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
19.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SFST's forecast earnings growth (19.9% per year) is above the savings rate (2%).
Earnings vs Market: SFST's earnings (19.9% per year) are forecast to grow faster than the US market (18.6% per year).
High Growth Earnings: SFST's earnings are forecast to grow, but not significantly.
Revenue vs Market: SFST's revenue (11.8% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: SFST's revenue (11.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SFST's Return on Equity is forecast to be low in 3 years time (11.5%).
Past Performance
How has Southern First Bancshares performed over the past 5 years?
16.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SFST has high quality earnings.
Growing Profit Margin: SFST's current net profit margins (23.6%) are lower than last year (34.2%).
Past Earnings Growth Analysis
Earnings Trend: SFST's earnings have grown by 16.2% per year over the past 5 years.
Accelerating Growth: SFST's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SFST had negative earnings growth (-34.1%) over the past year, making it difficult to compare to the Banks industry average (1.4%).
Return on Equity
High ROE: SFST's Return on Equity (8%) is considered low.
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
Asset Level: SFST's Assets to Equity ratio (10.9x) is moderate.
Allowance for Bad Loans: SFST has a sufficient allowance for bad loans (547%).
Low Risk Liabilities: 95% of SFST's liabilities are made up of primarily low risk sources of funding.
Loan Level: SFST has an appropriate level of Loans to Assets ratio (85%).
Low Risk Deposits: SFST's Loans to Deposits ratio (98%) is appropriate.
Level of Bad Loans: SFST has an appropriate level of bad loans (0.4%).
Dividend
What is Southern First Bancshares's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SFST's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SFST's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SFST's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SFST's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SFST's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.3yrs
Average management tenure
CEO
Art Seaver (56 yo)
22.25yrs
Tenure
US$948,548
Compensation
Mr. R. Arthur Seaver, Jr., also known as Art, has been the Chief Executive Officer of Southern First Bancshares, Inc. and its subsidiary bank, Southern First Bank, National Association since 1999. Mr. Seav...
CEO Compensation Analysis
Compensation vs Market: Art's total compensation ($USD948.55K) is below average for companies of similar size in the US market ($USD1.49M).
Compensation vs Earnings: Art's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: SFST's management team is seasoned and experienced (9.3 years average tenure).
Board Members
Experienced Board: SFST's board of directors are seasoned and experienced ( 22.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SFST insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$384.397m
- Shares outstanding: 7.80m
- Website: https://www.southernfirst.com
Number of Employees
Location
- Southern First Bancshares, Inc.
- 100 Verdae Boulevard
- Suite 100
- Greenville
- South Carolina
- 29607
- United States
Listings
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 | 2021/04/12 23:23 |
| End of Day Share Price | 2021/04/12 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.