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

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 stock was sold at an average price of $35.72, for a total value of $38,684.76. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Southern First Bancshares Price Performance

Shares of SFST stock traded down $0.26 during midday trading on Wednesday, reaching $37.31. 1,159 shares of the company were exchanged, compared to its average volume of 18,580. The company's 50 day moving average price is $35.62 and its two-hundred day moving average price is $35.70. The company has a market cap of $304.78 million, a P/E ratio of 16.51 and a beta of 0.77. Southern First Bancshares, Inc. has a 12 month low of $26.75 and a 12 month high of $45.91. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.09 and a current ratio of 1.09.

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

Institutional Trading of Southern First Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Southern First Bancshares by 9,638.9% during the first quarter. GAMMA Investing LLC now owns 7,012 shares of the bank's stock worth $213,000 after acquiring an additional 6,940 shares during the period. Wellington Management Group LLP lifted its holdings in Southern First Bancshares by 21.4% in the 4th quarter. Wellington Management Group LLP now owns 65,440 shares of the bank's stock valued at $2,601,000 after acquiring an additional 11,537 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Southern First Bancshares during the 4th quarter valued at about $286,000. Dimensional Fund Advisors LP grew its stake in shares of Southern First Bancshares by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 350,875 shares of the bank's stock worth $13,947,000 after purchasing an additional 10,854 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Southern First Bancshares by 18.1% in the 4th quarter. American Century Companies Inc. now owns 97,559 shares of the bank's stock worth $3,878,000 after purchasing an additional 14,966 shares during the last quarter. Institutional investors own 75.00% of the company's stock.

Analyst Ratings Changes

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

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.

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