Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 1,075 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $40.90, for a total transaction of $43,967.50. Following the sale, the director now owns 78,532 shares of the company’s stock, valued at approximately $3,211,958.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of SFST opened at $41.85 on Friday. Southern First Bancshares, Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $44.43. The company has a market capitalization of $318.86 million, a price-to-earnings ratio of 12.27 and a beta of 1.00. The firm has a 50-day simple moving average of $41.43 and a 200-day simple moving average of $40.80. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.03 and a current ratio of 1.05.
Southern First Bancshares (NASDAQ:SFST) last announced its earnings results on Tuesday, January 28th. The bank reported $1.07 earnings per share for the quarter, topping the 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%.
SFST has been the subject of several recent research reports. BidaskClub downgraded shares of Southern First Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, January 31st. ValuEngine upgraded shares of Southern First Bancshares from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 22nd.
Institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Southern First Bancshares during the third quarter worth about $32,000. Bank of Montreal Can lifted its position in Southern First Bancshares by 46.7% in the fourth quarter. Bank of Montreal Can now owns 898 shares of the bank’s stock valued at $38,000 after purchasing an additional 286 shares during the period. Citigroup Inc. lifted its position in Southern First Bancshares by 51.2% in the fourth quarter. Citigroup Inc. now owns 1,435 shares of the bank’s stock valued at $61,000 after purchasing an additional 486 shares during the period. Victory Capital Management Inc. lifted its position in Southern First Bancshares by 93.3% in the fourth quarter. Victory Capital Management Inc. now owns 2,064 shares of the bank’s stock valued at $88,000 after purchasing an additional 996 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in Southern First Bancshares in the fourth quarter valued at about $202,000. Institutional investors and hedge funds own 74.55% of the company’s stock.
Southern First Bancshares Company Profile
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.
See Also: Percentage Decliners
Receive News & Ratings for Southern First Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern First Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.