Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage Sells 2,515 Shares

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 2,515 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $33.29, for a total value of $83,724.35. Following the transaction, the director now directly owns 54,303 shares in the company, valued at approximately $1,807,746.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Southern First Bancshares Trading Up 0.1 %

Shares of Southern First Bancshares stock opened at $33.54 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.87. The firm has a market cap of $273.55 million, a PE ratio of 20.45 and a beta of 0.81. The business’s fifty day moving average is $32.50 and its two-hundred day moving average is $29.84. Southern First Bancshares, Inc. has a fifty-two week low of $24.98 and a fifty-two week high of $39.36.

Southern First Bancshares (NASDAQ:SFST) last released its quarterly earnings data on Thursday, July 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. The company had revenue of $54.07 million during the quarter, compared to analyst estimates of $22.13 million. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.41%. Analysts anticipate that Southern First Bancshares, Inc. will post 1.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SFST. FinTrust Capital Advisors LLC increased its stake in shares of Southern First Bancshares by 256.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 2,780 shares of the bank’s stock valued at $103,000 after acquiring an additional 2,000 shares during the period. BNP Paribas Financial Markets boosted its holdings in Southern First Bancshares by 93.5% during the first quarter. BNP Paribas Financial Markets now owns 3,921 shares of the bank’s stock valued at $125,000 after acquiring an additional 1,895 shares during the period. Foster Victor Wealth Advisors LLC acquired a new position in shares of Southern First Bancshares during the first quarter worth approximately $266,000. Long Focus Capital Management LLC acquired a new stake in Southern First Bancshares in the 2nd quarter worth $292,000. Finally, Quadrature Capital Ltd bought a new position in Southern First Bancshares during the first quarter valued at about $394,000. Institutional investors and hedge funds own 75.00% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Southern First Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, July 19th.

About Southern First Bancshares

Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides commercial, consumer, and mortgage loans to the general public in South Carolina, North Carolina, and Georgia. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily money market accounts and long-term certificates of deposit.