Insider Selling: Southern First Bancshares, Inc. (NASDAQ:SFST) Director Sells $54,377.92 in Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 1,744 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $31.18, for a total value of $54,377.92. Following the transaction, the director now directly owns 58,818 shares of the company’s stock, valued at approximately $1,833,945.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Southern First Bancshares Stock Performance

NASDAQ:SFST opened at $33.54 on Thursday. The firm’s 50-day moving average is $32.50 and its 200-day moving average is $29.84. The company has a market cap of $273.55 million, a price-to-earnings ratio of 20.45 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.10. Southern First Bancshares, Inc. has a 52-week low of $24.98 and a 52-week high of $39.36.

Southern First Bancshares (NASDAQ:SFST) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.08. Southern First Bancshares had a return on equity of 4.41% and a net margin of 6.67%. The firm had revenue of $54.07 million for the quarter, compared to analyst estimates of $22.13 million. Equities research analysts anticipate that Southern First Bancshares, Inc. will post 1.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Southern First Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, July 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. rhino investment partners Inc bought a new stake in Southern First Bancshares in the 4th quarter valued at $551,000. FinTrust Capital Advisors LLC boosted its position in shares of Southern First Bancshares by 256.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 2,780 shares of the bank’s stock valued at $103,000 after acquiring an additional 2,000 shares in the last quarter. Wellington Management Group LLP raised its position in Southern First Bancshares by 27.5% in the fourth quarter. Wellington Management Group LLP now owns 151,436 shares of the bank’s stock worth $5,618,000 after purchasing an additional 32,621 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in Southern First Bancshares by 1.3% in the first quarter. SeaCrest Wealth Management LLC now owns 139,310 shares of the bank’s stock worth $4,424,000 after purchasing an additional 1,730 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC bought a new position in Southern First Bancshares during the first quarter worth about $266,000. 75.00% of the stock is owned by institutional investors.

About Southern First Bancshares

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.