Insider Selling: Southern First Bancshares (NASDAQ:SFST) CAO Sells $94,500.00 in Stock

Southern First Bancshares, Inc. (NASDAQ:SFSTGet Free Report) CAO Julie Ann Fairchild sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $63.00, for a total transaction of $94,500.00. Following the sale, the chief accounting officer directly owned 5,200 shares of the company’s stock, valued at $327,600. This trade represents a 22.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Southern First Bancshares Stock Performance

SFST stock opened at $63.80 on Friday. The stock’s 50 day simple moving average is $60.62 and its 200 day simple moving average is $57.74. The company has a current ratio of 1.04, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Southern First Bancshares, Inc. has a 12-month low of $39.75 and a 12-month high of $65.04. The stock has a market capitalization of $603.55 million, a PE ratio of 13.66 and a beta of 0.68.

Southern First Bancshares (NASDAQ:SFSTGet Free Report) last posted its earnings results on Tuesday, July 21st. The bank reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.01. Southern First Bancshares had a return on equity of 10.18% and a net margin of 16.78%.The business had revenue of $20.40 million during the quarter, compared to analyst estimates of $36.30 million. As a group, research analysts forecast that Southern First Bancshares, Inc. will post 5.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SFST has been the subject of a number of recent analyst reports. Zacks Research raised Southern First Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Southern First Bancshares in a research note on Friday, July 31st. Finally, Wall Street Zen downgraded shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $64.00.

Get Our Latest Stock Report on Southern First Bancshares

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SFST. Cullen Frost Bankers Inc. grew its stake in shares of Southern First Bancshares by 40.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 666 shares of the bank’s stock valued at $34,000 after purchasing an additional 191 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Southern First Bancshares during the 3rd quarter valued at about $38,000. BNP Paribas Financial Markets lifted its stake in shares of Southern First Bancshares by 28.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,380 shares of the bank’s stock worth $52,000 after purchasing an additional 308 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Southern First Bancshares by 154.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,633 shares of the bank’s stock worth $62,000 after purchasing an additional 990 shares during the period. Finally, State of Wyoming purchased a new position in shares of Southern First Bancshares in the second quarter worth approximately $75,000. Institutional investors own 75.00% of the company’s stock.

About Southern First Bancshares

(Get Free Report)

Southern First Bancshares is the bank holding company for Southern First Bank, a community-oriented financial institution headquartered in Greenville, South Carolina. Through its wholly owned subsidiary, the company delivers a full spectrum of commercial and consumer banking services designed to meet the needs of small and midsize businesses, professionals, and individual customers. Southern First Bancshares operates under a relationship-driven model, emphasizing personalized service and local decision–making.

The company’s core offerings include deposit products such as checking, savings, money market accounts and certificates of deposit, alongside an array of lending solutions covering commercial real estate, construction, equipment financing and small business administration (SBA) loans.

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

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