NasdaqGM:SFST

Stock Analysis Report

Southern First Bancshares

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

-0.3%

NasdaqGM:SFST

0.3%

US Banks

0.8%

US Market


1 Year Return

-14.4%

NasdaqGM:SFST

-2.5%

US Banks

4.8%

US Market

SFST underperformed the Banks industry which returned -2.5% over the past year.

SFST underperformed the Market in United States of America which returned 4.8% over the past year.


Share holder returns

SFSTIndustryMarket
7 Day-0.3%0.3%0.8%
30 Day3.5%4.0%4.3%
90 Day7.0%2.2%2.8%
1 Year-14.4%-14.4%0.2%-2.5%7.1%4.8%
3 Year37.4%37.4%58.6%47.8%47.6%37.9%
5 Year170.2%170.2%65.9%48.2%61.5%43.5%

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

Valuation

Is Southern First Bancshares undervalued based on future cash flows and its price relative to the stock market?

12.2x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Southern First Bancshares's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Southern First Bancshares's share price is above the future cash flow value, it's not available 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

SellUS$166,41819 Jun 19
Rudolph Johnstone
EntityIndividual
Role
Member of the Board of Directors
Shares4,500
Max PriceUS$37.08
SellUS$45,73219 Jun 19
Leighton Cubbage
EntityIndividual
Role
Member of the Board of Directors
Shares1,270
Max PriceUS$36.01
SellUS$45,57920 Mar 19
Leighton Cubbage
EntityIndividual
Role
Member of the Board of Directors
Shares1,320
Max PriceUS$34.57
SellUS$195,00019 Feb 19
F. Strickland
EntityIndividual
Role
President
Shares5,000
Max PriceUS$39.00
BuyUS$30,89620 Dec 18
David Ellison
EntityIndividual
Role
Member of the Board of Directors
Shares1,000
Max PriceUS$30.90
SellUS$52,19519 Nov 18
Frederick Gilmer
EntityIndividual
Role
Member of the Board of Directors
Shares1,430
Max PriceUS$36.50
SellUS$64,66726 Sep 18
Leighton Cubbage
EntityIndividual
Role
Member of the Board of Directors
Shares1,620
Max PriceUS$40.10
BuyUS$40,35020 Sep 18
David Ellison
EntityIndividual
Role
Member of the Board of Directors
Shares1,000
Max PriceUS$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$284.989m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SFSTNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDOct 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/16 00:08
End of Day Share Price2019/07/15 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.