Southern First Bancshares, Inc. (SFST) CFO Sells $27,000.00 in Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) CFO Michael D. Dowling sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $36.00, for a total transaction of $27,000.00. Following the completion of the sale, the chief financial officer now owns 30,507 shares in the company, valued at approximately $1,098,252. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Southern First Bancshares, Inc. (NASDAQ:SFST) opened at 35.90 on Monday. The stock’s 50 day moving average is $36.73 and its 200-day moving average is $34.64. The firm has a market cap of $262.57 million, a price-to-earnings ratio of 18.43 and a beta of 0.65. Southern First Bancshares, Inc. has a one year low of $24.53 and a one year high of $38.55.

Southern First Bancshares (NASDAQ:SFST) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The business 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, equities research analysts expect that Southern First Bancshares, Inc. will post $2.03 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Southern First Bancshares by 7.9% in the first quarter. Bank of America Corp DE now owns 3,080 shares of the bank’s stock valued at $100,000 after buying an additional 226 shares during the last quarter. American International Group Inc. boosted its stake in shares of Southern First Bancshares by 7.3% in the first quarter. American International Group Inc. now owns 3,534 shares of the bank’s stock valued at $115,000 after buying an additional 239 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Southern First Bancshares by 8.1% in the second quarter. Teachers Advisors LLC now owns 10,609 shares of the bank’s stock valued at $393,000 after buying an additional 799 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Southern First Bancshares by 6.1% in the second quarter. TIAA CREF Investment Management LLC now owns 17,521 shares of the bank’s stock valued at $649,000 after buying an additional 1,010 shares in the last quarter. Finally, Martingale Asset Management L P boosted its stake in Southern First Bancshares by 11.2% in the first quarter. Martingale Asset Management L P now owns 10,902 shares of the bank’s stock valued at $356,000 after buying an additional 1,099 shares in the last quarter. 59.14% of the stock is owned by institutional investors and hedge funds.

SFST has been the topic of a number of research analyst reports. Sandler O’Neill upgraded shares of Southern First Bancshares from a “hold” rating to a “buy” rating and raised their target price for the company from $35.00 to $38.00 in a research report on Monday, May 1st. Zacks Investment Research lowered shares of Southern First Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. ValuEngine lowered shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Finally, BidaskClub lowered shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a report 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 presently has a consensus rating of “Hold” and a consensus target price of $38.33.

Southern First Bancshares Company Profile

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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