Insider Selling: Southern First Bancshares Inc. (SFST) President Sells 24,773 Shares of Stock
Southern First Bancshares Inc. (NASDAQ:SFST) President F Justin Strickland sold 24,773 shares of Southern First Bancshares stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $30.64, for a total value of $759,044.72. Following the completion of the transaction, the president now owns 62,691 shares of the company’s stock, valued at approximately $1,920,852.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Southern First Bancshares Inc. (NASDAQ:SFST) traded up 0.16% during midday trading on Friday, hitting $30.45. The stock had a trading volume of 703 shares. Southern First Bancshares Inc. has a 1-year low of $21.12 and a 1-year high of $33.47. The stock has a market cap of $194.33 million, a price-to-earnings ratio of 16.20 and a beta of 0.49. The company has a 50-day moving average of $27.44 and a 200-day moving average of $26.78.
Several equities analysts have issued reports on SFST shares. Zacks Investment Research upgraded Southern First Bancshares from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, November 8th. Keefe, Bruyette & Woods lifted their price objective on Southern First Bancshares from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th.
A number of large investors have recently modified their holdings of SFST. Acrospire Investment Management LLC increased its stake in shares of Southern First Bancshares by 30.1% in the second quarter. Acrospire Investment Management LLC now owns 4,229 shares of the company’s stock worth $102,000 after buying an additional 978 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Southern First Bancshares by 91.0% in the third quarter. Wells Fargo & Company MN now owns 4,617 shares of the company’s stock worth $128,000 after buying an additional 2,200 shares in the last quarter. Nationwide Fund Advisors bought a new stake in shares of Southern First Bancshares during the second quarter worth about $144,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Southern First Bancshares during the second quarter worth about $159,000. Finally, Royal Bank of Canada increased its stake in shares of Southern First Bancshares by 10.2% in the second quarter. Royal Bank of Canada now owns 8,660 shares of the company’s stock worth $209,000 after buying an additional 800 shares in the last quarter. 62.70% of the stock is currently owned by institutional investors and hedge funds.
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.
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