Southern First Bancshares, Inc. (NASDAQ:SFST) President Sells $306,936.00 in Stock

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Southern First Bancshares, Inc. (NASDAQ:SFST) President F Justin Strickland sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $42.63, for a total value of $306,936.00. Following the sale, the president now owns 75,156 shares of the company’s stock, valued at $3,203,900.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

F Justin Strickland also recently made the following trade(s):

  • On Monday, October 28th, F Justin Strickland sold 4,996 shares of Southern First Bancshares stock. The stock was sold at an average price of $40.50, for a total value of $202,338.00.
  • On Friday, October 25th, F Justin Strickland sold 4 shares of Southern First Bancshares stock. The stock was sold at an average price of $41.10, for a total value of $164.40.

Shares of NASDAQ SFST opened at $42.66 on Friday. Southern First Bancshares, Inc. has a one year low of $27.33 and a one year high of $43.34. The firm has a market capitalization of $330.19 million, a PE ratio of 13.50 and a beta of 0.98. 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 business has a 50-day moving average price of $40.34 and a two-hundred day moving average price of $38.45.

Southern First Bancshares (NASDAQ:SFST) last announced its quarterly earnings data on Tuesday, November 5th. The bank reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.09. Southern First Bancshares had a return on equity of 14.23% and a net margin of 25.48%.

A number of brokerages have commented on SFST. Zacks Investment Research lowered Southern First Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. BidaskClub upgraded Southern First Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday.

Institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Southern First Bancshares during the 3rd quarter valued at about $32,000. Mcmillion Capital Management Inc. acquired a new stake in shares of Southern First Bancshares during the 2nd quarter valued at about $42,000. JPMorgan Chase & Co. lifted its holdings in shares of Southern First Bancshares by 20.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,720 shares of the bank’s stock valued at $297,000 after buying an additional 1,322 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Southern First Bancshares during the 3rd quarter valued at about $324,000. Finally, Greenwood Capital Associates LLC lifted its holdings in shares of Southern First Bancshares by 4.3% during the 2nd quarter. Greenwood Capital Associates LLC now owns 8,400 shares of the bank’s stock valued at $329,000 after buying an additional 348 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Southern First Bancshares Company Profile

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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