Southern First Bancshares, Inc. (NASDAQ:SFST) CEO R Arthur Seaver, Jr. sold 10,700 shares of Southern First Bancshares stock in a transaction on Friday, August 30th. The shares were sold at an average price of $38.00, for a total transaction of $406,600.00. Following the completion of the sale, the chief executive officer now directly owns 65,891 shares in the company, valued at approximately $2,503,858. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
SFST traded up $0.17 on Friday, hitting $41.66. The company had a trading volume of 2,317 shares, compared to its average volume of 15,820. The firm has a market cap of $302.09 million, a P/E ratio of 14.46 and a beta of 0.98. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $38.60 and its 200 day moving average price is $36.94. Southern First Bancshares, Inc. has a 1 year low of $27.33 and a 1 year high of $42.20.
Southern First Bancshares (NASDAQ:SFST) last released its earnings results on Friday, August 2nd. The bank reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. The company had revenue of $20.63 million during the quarter, compared to the consensus estimate of $20.63 million. Southern First Bancshares had a return on equity of 13.94% and a net margin of 25.39%. On average, analysts predict that Southern First Bancshares, Inc. will post 3.35 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of SFST. Mcmillion Capital Management Inc. purchased a new stake in shares of Southern First Bancshares during the second quarter worth approximately $42,000. BNP Paribas Arbitrage SA raised its stake in shares of Southern First Bancshares by 609.8% during the first quarter. BNP Paribas Arbitrage SA now owns 1,448 shares of the bank’s stock worth $49,000 after purchasing an additional 1,244 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Southern First Bancshares during the first quarter worth approximately $148,000. JPMorgan Chase & Co. raised its stake in shares of Southern First Bancshares by 20.7% during the second quarter. JPMorgan Chase & Co. now owns 7,720 shares of the bank’s stock worth $297,000 after purchasing an additional 1,322 shares during the last quarter. Finally, Greenwood Capital Associates LLC raised its stake in shares of Southern First Bancshares by 4.3% during the second quarter. Greenwood Capital Associates LLC now owns 8,400 shares of the bank’s stock worth $329,000 after purchasing an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.
SFST has been the topic of a number of research reports. Zacks Investment Research upgraded Southern First Bancshares from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Friday, August 9th. FIG Partners reiterated an “outperform” rating on shares of Southern First Bancshares in a report on Thursday, May 16th. Finally, BidaskClub upgraded Southern First Bancshares from a “hold” rating to a “buy” rating in a report on Friday.
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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