Leighton M. Cubbage Sells 1,290 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 1,290 shares of Southern First Bancshares stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.02, for a total value of $40,015.80. Following the sale, the director now directly owns 60,562 shares of the company’s stock, valued at approximately $1,878,633.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Southern First Bancshares Trading Up 0.2 %

SFST stock opened at $31.12 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.87. Southern First Bancshares, Inc. has a 52-week low of $24.98 and a 52-week high of $39.36. The company’s 50-day simple moving average is $31.92 and its 200-day simple moving average is $29.83. The firm has a market cap of $253.94 million, a P/E ratio of 18.98 and a beta of 0.81.

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

Institutional Trading of Southern First Bancshares

Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in Southern First Bancshares by 27.5% in the 4th quarter. Wellington Management Group LLP now owns 151,436 shares of the bank’s stock valued at $5,618,000 after buying an additional 32,621 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Southern First Bancshares by 36.4% during the 1st quarter. Acadian Asset Management LLC now owns 54,457 shares of the bank’s stock valued at $1,728,000 after buying an additional 14,545 shares during the period. Gabelli Funds LLC lifted its holdings in Southern First Bancshares by 181.4% in the first quarter. Gabelli Funds LLC now owns 25,443 shares of the bank’s stock valued at $808,000 after acquiring an additional 16,400 shares during the last quarter. Vanguard Group Inc. grew its position in Southern First Bancshares by 4.0% in the first quarter. Vanguard Group Inc. now owns 413,259 shares of the bank’s stock worth $13,125,000 after acquiring an additional 16,012 shares during the period. Finally, Foster Victor Wealth Advisors LLC raised its holdings in Southern First Bancshares by 19.3% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 9,983 shares of the bank’s stock valued at $292,000 after buying an additional 1,614 shares during the period. Hedge funds and other institutional investors own 75.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Southern First Bancshares from a “sell” rating to a “hold” rating in a report 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.