Southern First Bancshares, Inc. (NASDAQ:SFST) President F Justin Strickland sold 1,250 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $39.00, for a total value of $48,750.00. Following the sale, the president now owns 62,889 shares in the company, valued at approximately $2,452,671. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Southern First Bancshares, Inc. (SFST) traded up $0.20 during midday trading on Monday, reaching $39.30. The company’s stock had a trading volume of 3,950 shares, compared to its average volume of 15,338. Southern First Bancshares, Inc. has a twelve month low of $25.85 and a twelve month high of $41.10. The company has a quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $286.18, a P/E ratio of 19.65 and a beta of 0.72.

Southern First Bancshares (NASDAQ:SFST) last released its quarterly earnings results on Thursday, October 26th. The bank reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. Southern First Bancshares had a return on equity of 11.10% and a net margin of 21.10%. The business had revenue of $15.85 million for the quarter, compared to the consensus estimate of $15.22 million. analysts expect that Southern First Bancshares, Inc. will post 2.03 earnings per share for the current year.

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SFST has been the topic of a number of research reports. BidaskClub downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. FIG Partners restated an “outperform” rating and set a $42.00 price target (up previously from $40.00) on shares of Southern First Bancshares in a research report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded Southern First Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Southern First Bancshares currently has a consensus rating of “Hold” and an average target price of $38.67.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFST. Banc Funds Co. LLC increased its holdings 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 worth $23,064,000 after buying an additional 75,000 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Southern First Bancshares by 18.1% in the second quarter. The Manufacturers Life Insurance Company now owns 468,270 shares of the bank’s stock worth $17,349,000 after buying an additional 71,848 shares during the period. Stieven Capital Advisors L.P. increased its holdings in shares of Southern First Bancshares by 47.2% in the second quarter. Stieven Capital Advisors L.P. now owns 185,740 shares of the bank’s stock worth $6,882,000 after buying an additional 59,600 shares during the period. Geode Capital Management LLC increased its holdings in shares of Southern First Bancshares by 181.4% in the first quarter. Geode Capital Management LLC now owns 57,829 shares of the bank’s stock worth $1,888,000 after buying an additional 37,277 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in shares of Southern First Bancshares by 54.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 71,032 shares of the bank’s stock worth $2,632,000 after buying an additional 25,000 shares during the period. Hedge funds and other institutional investors own 70.22% of the company’s stock.

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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