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%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in Southern First Bancshares in the 3rd quarter valued at $32,000. Bank of Montreal Can grew its holdings in Southern First Bancshares by 46.7% in the 4th quarter. Bank of Montreal Can now owns 898 shares of the bank’s stock valued at $38,000 after buying an additional 286 shares in the last quarter. Citigroup Inc. grew its holdings in Southern First Bancshares by 51.2% in the 4th quarter. Citigroup Inc. now owns 1,435 shares of the bank’s stock valued at $61,000 after buying an additional 486 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Southern First Bancshares by 93.3% in the 4th quarter. Victory Capital Management Inc. now owns 2,064 shares of the bank’s stock valued at $88,000 after buying an additional 996 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Southern First Bancshares in the 4th quarter valued at $202,000. 74.55% of the stock is currently owned by hedge funds and other institutional investors.

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

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