Southern First Bancshares, Inc. (NASDAQ:SFST) Director Sells $45,732.70 in Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 1,270 shares of Southern First Bancshares stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $36.01, for a total transaction of $45,732.70. Following the transaction, the director now directly owns 84,227 shares of the company’s stock, valued at $3,033,014.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of SFST traded up $0.07 during mid-day trading on Friday, hitting $37.91. 25,724 shares of the company traded hands, compared to its average volume of 19,828. Southern First Bancshares, Inc. has a 1-year low of $27.33 and a 1-year high of $45.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.04. The company has a market capitalization of $284.01 million, a P/E ratio of 13.16 and a beta of 0.92. The firm’s 50 day simple moving average is $36.88.

Southern First Bancshares (NASDAQ:SFST) last issued its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Southern First Bancshares had a net margin of 25.13% and a return on equity of 13.52%. The company had revenue of $18.81 million for the quarter, compared to the consensus estimate of $18.40 million. On average, sell-side analysts predict that Southern First Bancshares, Inc. will post 3.1 earnings per share for the current fiscal year.

Several research analysts have commented on SFST shares. FIG Partners reaffirmed an “outperform” rating on shares of Southern First Bancshares in a research note on Thursday, May 16th. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Finally, Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 21st.

A number of institutional investors have recently added to or reduced their stakes in SFST. Ramsey Quantitative Systems lifted its holdings in Southern First Bancshares by 25.7% in the 4th quarter. Ramsey Quantitative Systems now owns 1,489 shares of the bank’s stock valued at $48,000 after purchasing an additional 304 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Southern First Bancshares by 609.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,448 shares of the bank’s stock valued at $49,000 after purchasing an additional 1,244 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in Southern First Bancshares by 355.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,428 shares of the bank’s stock valued at $78,000 after purchasing an additional 1,895 shares in the last quarter. SG Americas Securities LLC purchased a new position in Southern First Bancshares in the 1st quarter valued at $148,000. Finally, Bessemer Group Inc. lifted its holdings in Southern First Bancshares by 7.7% in the 4th quarter. Bessemer Group Inc. now owns 9,800 shares of the bank’s stock valued at $314,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 71.24% of the company’s stock.

Southern First Bancshares Company Profile

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. It accepts various deposit products that include checking accounts, commercial checking accounts, savings accounts, and 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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