Southern First Bancshares, Inc. (NASDAQ:SFST) Director Sells $38,684.76 in Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 1,083 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $35.72, for a total value of $38,684.76. Following the completion of the sale, the director now owns 51,205 shares of the company’s stock, valued at $1,829,042.60. This trade represents a 2.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Southern First Bancshares Price Performance

Shares of NASDAQ SFST opened at $37.27 on Thursday. The firm has a market cap of $304.50 million, a PE ratio of 16.49 and a beta of 0.77. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.78. Southern First Bancshares, Inc. has a 1-year low of $26.75 and a 1-year high of $45.91. The company has a fifty day moving average price of $35.75 and a 200 day moving average price of $35.71.

Southern First Bancshares (NASDAQ:SFST) last issued its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The company had revenue of $26.50 million for the quarter, compared to analyst estimates of $26.56 million. Southern First Bancshares had a return on equity of 5.57% and a net margin of 8.50%. Research analysts predict that Southern First Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised shares of Southern First Bancshares to a “strong-buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, June 10th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Rhino Investment Partners Inc boosted its stake in shares of Southern First Bancshares by 2,936.8% during the 4th quarter. Rhino Investment Partners Inc now owns 230,221 shares of the bank’s stock worth $9,151,000 after buying an additional 222,640 shares during the last quarter. Koss Olinger Consulting LLC bought a new stake in Southern First Bancshares during the fourth quarter worth about $1,685,000. Nuveen LLC acquired a new position in Southern First Bancshares during the first quarter valued at approximately $616,000. American Century Companies Inc. boosted its position in Southern First Bancshares by 18.1% during the fourth quarter. American Century Companies Inc. now owns 97,559 shares of the bank’s stock valued at $3,878,000 after purchasing an additional 14,966 shares during the last quarter. Finally, Strs Ohio bought a new position in Southern First Bancshares in the first quarter valued at approximately $448,000. Institutional investors and hedge funds own 75.00% 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 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.