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 stock was sold at an average price of $36.00, for a total transaction of $27,000.00. Following the sale, the chief financial officer now directly owns 30,507 shares in the company, valued at approximately $1,098,252. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) traded up 0.14% during midday trading on Friday, hitting $36.10. 5,682 shares of the stock were exchanged. The company has a market cap of $264.04 million, a price-to-earnings ratio of 18.53 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. The firm has a 50 day moving average of $36.76 and a 200-day moving average of $34.64.

Southern First Bancshares (NASDAQ:SFST) last posted its 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 company had revenue of $14.92 million for the quarter, compared to analyst estimates of $14.21 million. Southern First Bancshares had a return on equity of 11.39% and a net margin of 20.68%. Equities analysts expect that Southern First Bancshares, Inc. will post $2.03 EPS for the current year.

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A number of equities research analysts have recently commented on the stock. Sandler O’Neill raised shares of Southern First Bancshares from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $38.00 in a research note on Monday, May 1st. Zacks Investment Research raised shares of Southern First Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. ValuEngine cut shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. Finally, BidaskClub cut shares of Southern First Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Southern First Bancshares presently has a consensus rating of “Hold” and an average price target of $38.33.

A number of hedge funds have recently bought and sold shares of SFST. Bank of America Corp DE raised its stake in 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 period. Globeflex Capital L P purchased a new stake in Southern First Bancshares during the second quarter valued at $112,000. American International Group Inc. raised its stake in 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 period. Rhumbline Advisers purchased a new stake in Southern First Bancshares during the second quarter valued at $253,000. Finally, Wells Fargo & Company MN raised its stake in Southern First Bancshares by 22.3% in the first quarter. Wells Fargo & Company MN now owns 8,342 shares of the bank’s stock valued at $273,000 after buying an additional 1,519 shares during the period. 59.14% of the stock is currently owned by institutional investors.

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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