Southern First Bancshares, Inc. (NASDAQ:SFST) Director Anne S. Ellefson Sells 600 Shares of Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Anne S. Ellefson sold 600 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $28.00, for a total value of $16,800.00. Following the transaction, the director now directly owns 6,712 shares in the company, valued at approximately $187,936. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Southern First Bancshares Trading Down 2.6 %

NASDAQ SFST opened at $27.29 on Friday. Southern First Bancshares, Inc. has a one year low of $20.75 and a one year high of $39.36. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market cap of $222.65 million, a P/E ratio of 16.64 and a beta of 0.78. The stock’s 50-day moving average is $30.60 and its 200-day moving average is $31.75.

Hedge Funds Weigh In On Southern First Bancshares

Several institutional investors have recently modified their holdings of the business. FinTrust Capital Advisors LLC raised its position in Southern First Bancshares by 256.4% in the 4th quarter. FinTrust Capital Advisors LLC now owns 2,780 shares of the bank’s stock valued at $103,000 after buying an additional 2,000 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Southern First Bancshares in the 4th quarter valued at approximately $157,000. ELCO Management Co. LLC acquired a new stake in Southern First Bancshares in the 3rd quarter valued at approximately $207,000. Wagner Wealth Management LLC acquired a new stake in Southern First Bancshares in the 4th quarter valued at approximately $209,000. Finally, Patton Albertson Miller Group LLC acquired a new stake in Southern First Bancshares in the 4th quarter valued at approximately $209,000. Institutional investors own 75.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SFST. StockNews.com lowered Southern First Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th. Piper Sandler raised Southern First Bancshares from a “neutral” rating to an “overweight” rating and increased their target price for the company from $34.00 to $44.00 in a research note on Wednesday, January 3rd.

About Southern First Bancshares

Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides commercial, consumer, and mortgage loans to the general public in South Carolina, North Carolina, and Georgia. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily money market accounts and long-term certificates of deposit.