Insider Selling: Southern First Bancshares Director Sells 2,109 Shares of Stock (SFST)
Southern First Bancshares (NASDAQ:SFST) Director Leighton M. Cubbage unloaded 2,109 shares of the company’s stock on the open market in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $13.46, for a total value of $28,387.14. Following the transaction, the director now directly owns 104,014 shares of the company’s stock, valued at approximately $1,400,028. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Southern First Bancshares (NASDAQ:SFST) traded up 2.38% during mid-day trading on Thursday, hitting $13.77. The stock had a trading volume of 100 shares. Southern First Bancshares has a 1-year low of $10.80 and a 1-year high of $14.29. The stock’s 50-day moving average is $13.43 and its 200-day moving average is $13.4. The company has a market cap of $66.3 million and a price-to-earnings ratio of 13.25.
Southern First Bancshares (NASDAQ:SFST) last released its earnings data on Tuesday, April 22nd. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.04. On average, analysts predict that Southern First Bancshares will post $1.04 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SFST shares. Analysts at Zacks downgraded shares of Southern First Bancshares from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 18th. They now have a $12.80 price target on the stock.
Southern First Bancshares, Inc is the holding company for Southern First Bank, N.A. (NASDAQ:SFST).
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