Leighton M. Cubbage Sells 1,290 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 1,290 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $31.02, for a total transaction of $40,015.80. Following the completion of the sale, the director now owns 60,562 shares of the company’s stock, valued at approximately $1,878,633.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Southern First Bancshares Trading Up 0.1 %

NASDAQ:SFST opened at $31.16 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.10. The firm has a market cap of $254.27 million, a price-to-earnings ratio of 19.00 and a beta of 0.81. Southern First Bancshares, Inc. has a 52 week low of $24.98 and a 52 week high of $39.36. The firm has a 50-day moving average price of $31.96 and a two-hundred day moving average price of $29.81.

Southern First Bancshares (NASDAQ:SFST) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.41%. The company had revenue of $54.07 million during the quarter, compared to analyst estimates of $22.13 million. On average, equities analysts expect that Southern First Bancshares, Inc. will post 1.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Southern First Bancshares

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of Southern First Bancshares by 27.5% during the 4th quarter. Wellington Management Group LLP now owns 151,436 shares of the bank’s stock worth $5,618,000 after purchasing an additional 32,621 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Southern First Bancshares by 36.4% during the 1st quarter. Acadian Asset Management LLC now owns 54,457 shares of the bank’s stock worth $1,728,000 after purchasing an additional 14,545 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Southern First Bancshares by 181.4% during the 1st quarter. Gabelli Funds LLC now owns 25,443 shares of the bank’s stock worth $808,000 after purchasing an additional 16,400 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Southern First Bancshares by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 413,259 shares of the bank’s stock worth $13,125,000 after purchasing an additional 16,012 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC boosted its holdings in Southern First Bancshares by 19.3% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 9,983 shares of the bank’s stock worth $292,000 after buying an additional 1,614 shares during the period. Hedge funds and other institutional investors own 75.00% of the company’s stock.

About Southern First Bancshares

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.