Leighton M. Cubbage Sells 1,075 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) Stock
Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 1,075 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $40.90, for a total value of $43,967.50. Following the completion of the sale, the director now owns 78,532 shares in the company, valued at approximately $3,211,958.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
SFST opened at $41.88 on Friday. Southern First Bancshares, Inc. has a 1-year low of $31.51 and a 1-year high of $44.43. The stock’s fifty day simple moving average is $41.45 and its 200 day simple moving average is $40.80. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31. The stock has a market cap of $308.55 million, a PE ratio of 12.28 and a beta of 1.00.
Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings results on Tuesday, January 28th. The bank reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.22. Southern First Bancshares had a return on equity of 14.23% and a net margin of 25.48%.
A number of research firms recently weighed in on SFST. ValuEngine upgraded Southern First Bancshares from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 22nd. BidaskClub cut Southern First Bancshares from a “sell” rating to a “strong sell” rating in a research note on Friday, January 31st.
About Southern First Bancshares
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.
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