Southern First Bancshares, Inc. (NASDAQ:SFST) CFO Michael D. Dowling sold 750 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $36.00, for a total transaction of $27,000.00. Following the completion of the transaction, the chief financial officer now owns 30,507 shares of the company’s stock, valued at approximately $1,098,252. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Southern First Bancshares, Inc. (NASDAQ:SFST) traded down 0.42% on Friday, reaching $35.90. 36,143 shares of the company’s stock traded hands. The firm’s 50-day moving average is $36.73 and its 200 day moving average is $34.64. The stock has a market capitalization of $262.57 million, a PE ratio of 18.43 and a beta of 0.65. Southern First Bancshares, Inc. has a 52-week low of $24.53 and a 52-week high of $38.55.

Southern First Bancshares (NASDAQ:SFST) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Southern First Bancshares had a net margin of 20.68% and a return on equity of 11.39%. The firm had revenue of $14.92 million for the quarter, compared to analyst estimates of $14.21 million. Analysts forecast that Southern First Bancshares, Inc. will post $2.03 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its position in shares of Southern First Bancshares by 18.1% in the second quarter. The Manufacturers Life Insurance Company now owns 468,270 shares of the bank’s stock worth $17,349,000 after buying an additional 71,848 shares during the last quarter. State Street Corp increased its stake in Southern First Bancshares by 14.6% in the second quarter. State Street Corp now owns 86,369 shares of the bank’s stock worth $3,199,000 after buying an additional 11,008 shares during the period. Castine Capital Management LLC increased its stake in Southern First Bancshares by 7.8% in the second quarter. Castine Capital Management LLC now owns 168,952 shares of the bank’s stock worth $6,259,000 after buying an additional 12,199 shares during the period. OxFORD Asset Management LLP acquired a new stake in Southern First Bancshares during the second quarter worth about $312,000. Finally, Banc Funds Co. LLC increased its stake in Southern First Bancshares by 13.7% in the second quarter. Banc Funds Co. LLC now owns 622,521 shares of the bank’s stock worth $23,064,000 after buying an additional 75,000 shares during the period. 59.14% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on SFST. BidaskClub cut shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Southern First Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Sandler O’Neill upgraded shares of Southern First Bancshares from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $38.00 in a research report on Monday, May 1st. Finally, ValuEngine cut shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.33.

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.

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

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