Southern First Bancshares, Inc. (NASDAQ:SFST) CFO Michael D. Dowling sold 1,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $36.00, for a total value of $36,000.00. Following the sale, the chief financial officer now directly owns 36,107 shares in the company, valued at approximately $1,299,852. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Southern First Bancshares, Inc. (NASDAQ SFST) traded up 0.14% on Thursday, hitting $36.05. The company’s stock had a trading volume of 15,152 shares. The stock has a market cap of $263.67 million, a PE ratio of 18.51 and a beta of 0.65. The firm has a 50 day moving average of $36.76 and a 200-day moving average of $34.64. Southern First Bancshares, Inc. has a 12 month low of $24.53 and a 12 month high of $38.55.
Southern First Bancshares (NASDAQ:SFST) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $14.92 million during the quarter, compared to the consensus estimate of $14.21 million. Southern First Bancshares had a return on equity of 11.39% and a net margin of 20.68%. On average, analysts expect that Southern First Bancshares, Inc. will post $2.03 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This article was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://stocknewstimes.com/2017/08/17/insider-selling-southern-first-bancshares-inc-sfst-cfo-sells-1000-shares-of-stock.html.
A number of equities research analysts have recently commented on SFST shares. Sandler O’Neill raised Southern First Bancshares from a “hold” rating to a “buy” rating and raised their price target for the stock from $35.00 to $38.00 in a research report on Monday, May 1st. ValuEngine raised Southern First Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub lowered Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research raised Southern First Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $38.33.
Several hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in shares of Southern First Bancshares by 18.1% in the second quarter. The Manufacturers Life Insurance Company now owns 468,270 shares of the bank’s stock valued at $17,349,000 after buying an additional 71,848 shares during the period. State Street Corp increased its stake in shares of Southern First Bancshares by 14.6% in the second quarter. State Street Corp now owns 86,369 shares of the bank’s stock valued at $3,199,000 after buying an additional 11,008 shares during the period. Castine Capital Management LLC increased its stake in shares of Southern First Bancshares by 7.8% in the second quarter. Castine Capital Management LLC now owns 168,952 shares of the bank’s stock valued at $6,259,000 after buying an additional 12,199 shares during the period. OxFORD Asset Management LLP bought a new stake in shares of Southern First Bancshares during the second quarter valued at approximately $312,000. Finally, Banc Funds Co. LLC increased its stake in shares of Southern First Bancshares by 13.7% in the second quarter. Banc Funds Co. LLC now owns 622,521 shares of the bank’s stock valued at $23,064,000 after buying an additional 75,000 shares during the period. 59.14% of the stock is owned by hedge funds and other 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.
Receive News & Ratings for Southern First Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern First Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
