Southern First Bancshares, Inc. (SFST) CFO Sells $36,000.00 in Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) CFO Michael D. Dowling sold 1,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $36.00, for a total transaction of $36,000.00. Following the transaction, the chief financial officer now owns 36,107 shares in the company, valued at $1,299,852. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) traded up 0.14% during mid-day trading on Wednesday, hitting $36.00. The stock had a trading volume of 7,607 shares. Southern First Bancshares, Inc. has a 1-year low of $24.53 and a 1-year high of $38.55. The stock’s 50-day moving average is $36.79 and its 200-day moving average is $34.63. The firm has a market capitalization of $263.30 million, a PE ratio of 18.48 and a beta of 0.65.

Southern First Bancshares (NASDAQ:SFST) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The firm had revenue of $14.92 million during the quarter, compared to the consensus estimate 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 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in 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 valued at $17,349,000 after buying an additional 71,848 shares in the last quarter. State Street Corp boosted its position in shares of Southern First Bancshares by 14.6% in the second quarter. State Street Corp now owns 86,369 shares of the bank’s stock worth $3,199,000 after buying an additional 11,008 shares in the last quarter. Castine Capital Management LLC boosted its position in shares of Southern First Bancshares by 7.8% in the second quarter. Castine Capital Management LLC now owns 168,952 shares of the bank’s stock worth $6,259,000 after buying an additional 12,199 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in shares of Southern First Bancshares during the second quarter worth approximately $312,000. Finally, 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 worth $23,064,000 after buying an additional 75,000 shares in the last quarter. Institutional investors and hedge funds own 59.14% of the company’s stock.

A number of research firms have issued reports on SFST. BidaskClub downgraded shares of Southern First Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Southern First Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine upgraded shares of Southern First Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Sandler O’Neill upgraded shares of Southern First Bancshares from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $38.00 in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Southern First Bancshares presently has an average rating of “Hold” and an average 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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