Southern First Bancshares, Inc. (NASDAQ:SFST) CFO Michael D. Dowling sold 1,700 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $44.25, for a total transaction of $75,225.00. Following the sale, the chief financial officer now owns 26,807 shares in the company, valued at $1,186,209.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) traded down $0.60 during trading on Wednesday, hitting $45.20. The stock had a trading volume of 7,960 shares, compared to its average volume of 14,801. Southern First Bancshares, Inc. has a 1-year low of $31.40 and a 1-year high of $46.30. The firm has a market capitalization of $339.51, a P/E ratio of 23.02 and a beta of 0.69. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.07.
A number of equities analysts have recently commented on the company. BidaskClub raised Southern First Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, February 10th. Zacks Investment Research raised Southern First Bancshares from a “sell” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, December 6th. Finally, ValuEngine downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Southern First Bancshares has a consensus rating of “Hold” and an average target price of $40.50.
Institutional investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new position in Southern First Bancshares in the fourth quarter valued at approximately $1,327,000. Castine Capital Management LLC boosted its holdings in Southern First Bancshares by 9.7% in the third quarter. Castine Capital Management LLC now owns 185,329 shares of the bank’s stock valued at $6,737,000 after purchasing an additional 16,377 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Southern First Bancshares by 19.1% in the fourth quarter. Renaissance Technologies LLC now owns 84,700 shares of the bank’s stock valued at $3,494,000 after purchasing an additional 13,609 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Southern First Bancshares by 6.1% in the second quarter. Vanguard Group Inc. now owns 199,557 shares of the bank’s stock valued at $7,393,000 after purchasing an additional 11,495 shares in the last quarter. Finally, State Street Corp boosted its holdings in 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 purchasing an additional 11,008 shares in the last quarter. 70.03% of the stock is owned by institutional investors and hedge funds.
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About Southern First Bancshares
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.
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