Leighton M. Cubbage Sells 1,744 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 1,744 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $31.18, for a total transaction of $54,377.92. Following the completion of the sale, the director now directly owns 58,818 shares of the company’s stock, valued at $1,833,945.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Southern First Bancshares Stock Performance

Shares of NASDAQ:SFST traded down $0.58 on Monday, reaching $33.10. The company’s stock had a trading volume of 3,814 shares, compared to its average volume of 19,720. The stock’s 50-day moving average is $32.16 and its two-hundred day moving average is $29.79. Southern First Bancshares, Inc. has a 52-week low of $24.98 and a 52-week high of $39.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.10 and a quick ratio of 1.09. The stock has a market capitalization of $270.10 million, a P/E ratio of 20.54 and a beta of 0.81.

Southern First Bancshares (NASDAQ:SFST) last announced its earnings results on Thursday, July 18th. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The business had revenue of $54.07 million during the quarter, compared to analysts’ expectations 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, sell-side analysts forecast that Southern First Bancshares, Inc. will post 1.39 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SFST. FinTrust Capital Advisors LLC raised its holdings in Southern First Bancshares by 256.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 2,780 shares of the bank’s stock worth $103,000 after purchasing an additional 2,000 shares in the last quarter. BNP Paribas Financial Markets raised 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 worth $125,000 after purchasing an additional 1,895 shares in the last quarter. Foster Victor Wealth Advisors LLC purchased a new position in Southern First Bancshares during the first quarter worth about $266,000. Long Focus Capital Management LLC purchased a new position in Southern First Bancshares during the second quarter worth about $292,000. Finally, Quadrature Capital Ltd purchased a new position in Southern First Bancshares during the first quarter worth about $394,000. 75.00% of the stock is owned by hedge funds and other institutional investors.

Southern First Bancshares Company Profile

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.