Southern First Bancshares, Inc. (NASDAQ:SFST) CFO Michael D. Dowling Sells 4,500 Shares

Southern First Bancshares, Inc. (NASDAQ:SFST) CFO Michael D. Dowling sold 4,500 shares of Southern First Bancshares stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $36.38, for a total transaction of $163,710.00. Following the transaction, the chief financial officer now directly owns 39,614 shares of the company’s stock, valued at $1,441,157.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Southern First Bancshares, Inc. (NASDAQ SFST) traded down 1.77% on Thursday, reaching $36.00. 12,833 shares of the company were exchanged. The company’s 50-day moving average is $36.76 and its 200-day moving average is $34.65. Southern First Bancshares, Inc. has a 52 week low of $24.53 and a 52 week high of $38.55. The company has a market capitalization of $263.30 million, a price-to-earnings ratio of 18.48 and a beta of 0.65.

Southern First Bancshares (NASDAQ:SFST) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Southern First Bancshares had a net margin of 20.68% and a return on equity of 11.39%. The company had revenue of $14.92 million during the quarter, compared to analyst estimates of $14.21 million. On average, equities analysts expect that Southern First Bancshares, Inc. will post $2.03 EPS for the current fiscal year.

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A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Southern First Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. BidaskClub cut shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine cut shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, Sandler O’Neill raised shares of Southern First Bancshares from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $38.00 in a research report on Monday, May 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $38.33.

A number of hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in Southern First Bancshares by 8.1% in the first quarter. Wellington Management Group LLP now owns 415,019 shares of the bank’s stock worth $13,550,000 after buying an additional 31,186 shares during the period. Mendon Capital Advisors Corp raised its stake in Southern First Bancshares by 0.6% in the first quarter. Mendon Capital Advisors Corp now owns 289,852 shares of the bank’s stock valued at $9,464,000 after buying an additional 1,605 shares during the last quarter. Vanguard Group Inc. raised its stake in Southern First Bancshares by 2.1% in the first quarter. Vanguard Group Inc. now owns 188,062 shares of the bank’s stock valued at $6,140,000 after buying an additional 3,958 shares during the last quarter. Stieven Capital Advisors L.P. raised its stake in Southern First Bancshares by 47.2% in the second quarter. Stieven Capital Advisors L.P. now owns 185,740 shares of the bank’s stock valued at $6,882,000 after buying an additional 59,600 shares during the last quarter. Finally, State Street Corp raised its stake in Southern First Bancshares by 10.0% in the fourth quarter. State Street Corp now owns 74,133 shares of the bank’s stock valued at $2,669,000 after buying an additional 6,728 shares during the last quarter. 57.94% of the stock is owned by institutional investors.

Southern First Bancshares Company Profile

Southern First Bancshares, Inc is a bank holding company that owns the capital stock of Southern First Bank (the Bank), a South Carolina state bank, and all of the stock of Greenville First Statutory Trust I and II (the Trusts). The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina.

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

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