Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage Sells 1,083 Shares

Southern First Bancshares, Inc. (NASDAQ:SFST - Get Free Report) Director Leighton M. Cubbage sold 1,083 shares of the business's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $35.72, for a total transaction of $38,684.76. Following the completion of the transaction, the director now directly owns 51,205 shares of the company's stock, valued at $1,829,042.60. This trade represents a 2.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Southern First Bancshares Stock Down 0.8%

SFST traded down $0.31 during trading on Friday, hitting $38.03. The company had a trading volume of 29,436 shares, compared to its average volume of 18,646. The company has a market capitalization of $310.71 million, a PE ratio of 16.83 and a beta of 0.77. Southern First Bancshares, Inc. has a one year low of $27.65 and a one year high of $45.91. The firm's 50-day moving average price is $36.01 and its 200 day moving average price is $35.60. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.78.

Southern First Bancshares (NASDAQ:SFST - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.65 EPS for the quarter, beating the consensus estimate of $0.61 by $0.04. The business had revenue of $26.50 million for the quarter, compared to analysts' expectations of $26.56 million. Southern First Bancshares had a net margin of 8.50% and a return on equity of 5.57%. As a group, equities analysts expect that Southern First Bancshares, Inc. will post 1.85 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Southern First Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in Southern First Bancshares by 9,638.9% during the 1st quarter. GAMMA Investing LLC now owns 7,012 shares of the bank's stock worth $213,000 after buying an additional 6,940 shares in the last quarter. Wellington Management Group LLP grew its holdings in Southern First Bancshares by 21.4% during the fourth quarter. Wellington Management Group LLP now owns 65,440 shares of the bank's stock worth $2,601,000 after purchasing an additional 11,537 shares during the period. Deutsche Bank AG acquired a new position in Southern First Bancshares during the fourth quarter worth approximately $286,000. Dimensional Fund Advisors LP lifted its position in shares of Southern First Bancshares by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 350,875 shares of the bank's stock valued at $13,947,000 after buying an additional 10,854 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Southern First Bancshares by 18.1% during the 4th 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. 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.