Insider Selling: Southern First Bancshares, Inc. (NASDAQ:SFST) Director Sells 780 Shares of Stock

Southern First Bancshares, Inc. (NASDAQ:SFSTGet Free Report) Director Leighton M. Cubbage sold 780 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $27.50, for a total value of $21,450.00. Following the completion of the transaction, the director now owns 66,152 shares of the company’s stock, valued at $1,819,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Southern First Bancshares Stock Down 0.6 %

Shares of SFST traded down $0.17 during midday trading on Monday, hitting $27.43. The company had a trading volume of 5,669 shares, compared to its average volume of 20,882. Southern First Bancshares, Inc. has a 1 year low of $21.86 and a 1 year high of $39.36. The company’s 50-day simple moving average is $29.18 and its 200-day simple moving average is $31.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market capitalization of $223.83 million, a P/E ratio of 16.83 and a beta of 0.82.

Southern First Bancshares (NASDAQ:SFSTGet Free Report) last posted its earnings results on Thursday, April 18th. The bank reported $0.31 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.07). The business had revenue of $21.31 million during the quarter, compared to analysts’ expectations of $22.38 million. Southern First Bancshares had a net margin of 6.69% and a return on equity of 4.30%. As a group, sell-side analysts expect that Southern First Bancshares, Inc. will post 1.75 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Southern First Bancshares from a “sell” rating to a “hold” rating in a report on Friday, May 3rd.

Check Out Our Latest Research Report on SFST

Hedge Funds Weigh In On Southern First Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SFST. Acadian Asset Management LLC lifted its holdings in shares of Southern First Bancshares by 36.4% in the 1st quarter. Acadian Asset Management LLC now owns 54,457 shares of the bank’s stock valued at $1,728,000 after purchasing an additional 14,545 shares during the last quarter. Vanguard Group Inc. increased its position in Southern First Bancshares by 4.0% during the first quarter. Vanguard Group Inc. now owns 413,259 shares of the bank’s stock worth $13,125,000 after buying an additional 16,012 shares during the period. Empowered Funds LLC lifted its stake in Southern First Bancshares by 7.3% in the first quarter. Empowered Funds LLC now owns 12,860 shares of the bank’s stock valued at $408,000 after buying an additional 875 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Southern First Bancshares by 93.5% in the first quarter. BNP Paribas Financial Markets now owns 3,921 shares of the bank’s stock valued at $125,000 after buying an additional 1,895 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC acquired a new stake in shares of Southern First Bancshares in the first quarter valued at approximately $266,000. 75.00% of the stock is owned by institutional investors and hedge funds.

Southern First Bancshares Company Profile

(Get Free Report)

Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides commercial, consumer, and mortgage loans to the general public in South Carolina, North Carolina, and Georgia. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily money market accounts and long-term certificates of deposit.

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Insider Buying and Selling by Quarter for Southern First Bancshares (NASDAQ:SFST)

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