Southern First Bancshares Inc reports results for the quarter ended in December - Earnings Summary

Southern First Bancshares

22/01/2024 12:00

* Southern First Bancshares Inc  SFST.OQ  reported quarterly
adjusted earnings of 51 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 68 cents.  The mean expectation of
two analysts for the quarter was for earnings of 39 cents per
share. Wall Street expected results to range from 36 cents to 41
cents per share.
    * Revenue fell 21% to $19.06 million from a year ago;
analysts
expected $19.77 million. 
    * Southern First Bancshares Inc's reported EPS for the
quarter was
51 cents​.
    * The company reported quarterly net income of $4.17
million.
    * Southern First Bancshares Inc shares had fallen by 1.6%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Southern
First
Bancshares Inc is $42.75 

This summary was machine generated from LSEG data January 22 at
12:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.39           0.51           Beat
 Sep. 30 2023      0.32           0.51           Beat
 Jun. 30 2023      0.32           0.31           Missed
 Mar. 31 2023      0.64           0.33           Missed