Southern First Bancshares, Inc. (NASDAQ:SFST) Director Rudolph G. Johnstone III sold 3,328 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $37.00, for a total value of $123,136.00. Following the completion of the sale, the director now directly owns 40,709 shares of the company’s stock, valued at $1,506,233. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Southern First Bancshares stock traded down $0.03 during mid-day trading on Friday, reaching $35.78. 15,377 shares of the company were exchanged, compared to its average volume of 18,184. Southern First Bancshares, Inc. has a twelve month low of $27.33 and a twelve month high of $48.75. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $267.97 million, a price-to-earnings ratio of 20.33 and a beta of 0.91.
Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings data on Tuesday, January 22nd. The bank reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. Southern First Bancshares had a return on equity of 13.59% and a net margin of 25.66%. Equities analysts predict that Southern First Bancshares, Inc. will post 2.84 earnings per share for the current year.
A number of analysts recently issued reports on SFST shares. BidaskClub raised Southern First Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Zacks Investment Research raised Southern First Bancshares from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Thursday, November 22nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.00.
About Southern First Bancshares
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 certificates of deposit.
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