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

Southern First Bancshares

25/07/2023 14:27

* Southern First Bancshares Inc  SFST.OQ  reported quarterly
adjusted earnings of 31 cents​​ per share for the quarter ended
in June. The mean expectation of three analysts for the quarter
was for earnings of 32 cents per share.
    * Revenue fell 25.8% to $18.83 million from a year ago;
analysts
expected $19.60 million. 
    * Southern First Bancshares Inc's reported EPS for the
quarter was
30 cents​.
    * The mean earnings estimate of analysts had fallen by
about 52.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Southern First Bancshares Inc shares had risen by 16.1%
this
quarter and lost 37.2% so far this year.
    * The company reported quarterly net income of $2.46
million.
    * Wall Street's median 12-month price target for Southern
First
Bancshares Inc is $29.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
25 at 01:27 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.32           0.31           Missed
 Mar. 31 2023      0.64           0.33           Missed
 Dec. 31 2022      1.02           0.68           Missed
 Sep. 30 2022      1.03           1.04           Beat