Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 1,075 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $40.90, for a total transaction of $43,967.50. Following the transaction, the director now directly owns 78,532 shares of the company’s stock, valued at $3,211,958.80. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of SFST opened at $41.85 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.05 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $41.43 and a 200-day simple moving average of $40.80. Southern First Bancshares, Inc. has a 1-year low of $31.51 and a 1-year high of $44.43. The stock has a market cap of $318.86 million, a price-to-earnings ratio of 12.27 and a beta of 1.00.
Southern First Bancshares (NASDAQ:SFST) last released its earnings results on Tuesday, January 28th. The bank reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.22. Southern First Bancshares had a net margin of 25.48% and a return on equity of 14.23%.
A number of research analysts have recently weighed in on SFST shares. ValuEngine raised shares of Southern First Bancshares from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 22nd. BidaskClub cut shares of Southern First Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, January 31st.
A number of hedge funds have recently added to or reduced their stakes in SFST. Wedge Capital Management L L P NC grew its stake in Southern First Bancshares by 87.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 139,822 shares of the bank’s stock worth $5,572,000 after acquiring an additional 65,235 shares during the period. Comerica Bank grew its stake in Southern First Bancshares by 153.3% in the 3rd quarter. Comerica Bank now owns 36,156 shares of the bank’s stock worth $1,493,000 after acquiring an additional 21,882 shares during the period. Bowling Portfolio Management LLC purchased a new stake in Southern First Bancshares in the 4th quarter worth approximately $840,000. BlackRock Inc. grew its stake in Southern First Bancshares by 4.9% in the 2nd quarter. BlackRock Inc. now owns 398,092 shares of the bank’s stock worth $15,589,000 after acquiring an additional 18,521 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Southern First Bancshares by 6.8% in the 4th quarter. Renaissance Technologies LLC now owns 167,400 shares of the bank’s stock worth $7,113,000 after acquiring an additional 10,699 shares during the period. 74.55% of the stock is owned by hedge funds and other institutional investors.
About Southern First Bancshares
Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It accepts various deposit products that include checking accounts, commercial checking accounts, savings accounts, and other time deposits, including daily money market accounts and long-term certificates of deposit.
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