Insider Selling: Southern First Bancshares, Inc. (SFST) CFO Sells 4,500 Shares of Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) CFO Michael D. Dowling sold 4,500 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $36.38, for a total transaction of $163,710.00. Following the sale, the chief financial officer now directly owns 39,614 shares in the company, valued at $1,441,157.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Southern First Bancshares, Inc. (NASDAQ SFST) opened at 34.25 on Friday. The firm’s 50-day moving average is $36.79 and its 200 day moving average is $34.65. Southern First Bancshares, Inc. has a 52 week low of $24.53 and a 52 week high of $38.55. The company has a market capitalization of $250.50 million, a PE ratio of 17.58 and a beta of 0.65.

Southern First Bancshares (NASDAQ:SFST) last issued its earnings results on Tuesday, July 25th. The bank reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $14.92 million during the quarter, compared to analysts’ expectations of $14.21 million. Southern First Bancshares had a net margin of 20.68% and a return on equity of 11.39%. On average, analysts anticipate that Southern First Bancshares, Inc. will post $2.03 earnings per share for the current fiscal year.

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Several analysts have weighed in on SFST shares. Sandler O’Neill raised shares of Southern First Bancshares from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $38.00 in a research note on Monday, May 1st. ValuEngine raised shares of Southern First Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Southern First Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Finally, BidaskClub cut shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $38.33.

Several institutional investors have recently modified their holdings of the stock. Banc Funds Co. LLC boosted its position in shares of Southern First Bancshares by 13.7% in the second quarter. Banc Funds Co. LLC now owns 622,521 shares of the bank’s stock valued at $23,064,000 after buying an additional 75,000 shares during the last quarter. Wellington Management Group LLP boosted its position in Southern First Bancshares by 8.1% in the first quarter. Wellington Management Group LLP now owns 415,019 shares of the bank’s stock worth $13,550,000 after buying an additional 31,186 shares in the last quarter. Mendon Capital Advisors Corp boosted its position in Southern First Bancshares by 0.6% in the first quarter. Mendon Capital Advisors Corp now owns 289,852 shares of the bank’s stock worth $9,464,000 after buying an additional 1,605 shares in the last quarter. Vanguard Group Inc. boosted its position in Southern First Bancshares by 6.1% in the second quarter. Vanguard Group Inc. now owns 199,557 shares of the bank’s stock worth $7,393,000 after buying an additional 11,495 shares in the last quarter. Finally, River Oaks Capital LLC boosted its position in Southern First Bancshares by 10.9% in the second quarter. River Oaks Capital LLC now owns 198,400 shares of the bank’s stock worth $7,351,000 after buying an additional 19,452 shares in the last quarter. Institutional investors own 57.94% of the company’s stock.

About Southern First Bancshares

Southern First Bancshares, Inc is a bank holding company that owns the capital stock of Southern First Bank (the Bank), a South Carolina state bank, and all of the stock of Greenville First Statutory Trust I and II (the Trusts). The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina.

Insider Buying and Selling by Quarter for Southern First Bancshares (NASDAQ:SFST)

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