Southern First Bancshares Inc. (NASDAQ:SFST) CFO Michael D. Dowling sold 2,500 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $31.60, for a total transaction of $79,000.00. Following the transaction, the chief financial officer now directly owns 26,464 shares in the company, valued at $836,262.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Southern First Bancshares Inc. (NASDAQ:SFST) opened at 32.00 on Friday. The company’s 50-day moving average is $27.97 and its 200 day moving average is $26.97. Southern First Bancshares Inc. has a 52 week low of $21.15 and a 52 week high of $33.47. The company has a market capitalization of $204.22 million, a price-to-earnings ratio of 17.02 and a beta of 0.49.

Insider Buying and Selling by Quarter for Southern First Bancshares (NASDAQ:SFST)

Separately, Zacks Investment Research raised shares of Southern First Bancshares from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, September 21st.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its position in Southern First Bancshares by 30.1% in the second quarter. Acrospire Investment Management LLC now owns 4,229 shares of the company’s stock valued at $102,000 after buying an additional 978 shares during the period. Wells Fargo & Company MN increased its position in Southern First Bancshares by 91.0% in the third quarter. Wells Fargo & Company MN now owns 4,617 shares of the company’s stock valued at $128,000 after buying an additional 2,200 shares during the period. Nationwide Fund Advisors acquired a new position in Southern First Bancshares during the second quarter valued at approximately $144,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Southern First Bancshares during the second quarter valued at approximately $159,000. Finally, Royal Bank of Canada increased its position in Southern First Bancshares by 10.2% in the second quarter. Royal Bank of Canada now owns 8,660 shares of the company’s stock valued at $209,000 after buying an additional 800 shares during the period. 63.26% of the stock is currently owned by hedge funds and other institutional investors.

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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.

5 Day Chart for NASDAQ:SFST

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