Leighton M. Cubbage Sells 1,744 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 1,744 shares of Southern First Bancshares stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $31.18, for a total value of $54,377.92. Following the sale, the director now directly owns 58,818 shares of the company’s stock, valued at approximately $1,833,945.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Southern First Bancshares Stock Down 1.5 %

SFST stock opened at $33.50 on Wednesday. The company has a market capitalization of $273.23 million, a P/E ratio of 20.43 and a beta of 0.81. Southern First Bancshares, Inc. has a 12 month low of $24.98 and a 12 month high of $39.36. The firm’s fifty day simple moving average is $32.39 and its 200-day simple moving average is $29.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.10 and a quick ratio of 1.09.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SFST. FinTrust Capital Advisors LLC grew its stake in shares of Southern First Bancshares by 256.4% during the 4th quarter. FinTrust Capital Advisors LLC now owns 2,780 shares of the bank’s stock worth $103,000 after purchasing an additional 2,000 shares during the period. BNP Paribas Financial Markets increased its holdings in Southern First Bancshares by 93.5% in the first quarter. BNP Paribas Financial Markets now owns 3,921 shares of the bank’s stock valued at $125,000 after buying an additional 1,895 shares in the last quarter. Foster Victor Wealth Advisors LLC purchased a new position in Southern First Bancshares in the first quarter valued at $266,000. Long Focus Capital Management LLC acquired a new position in shares of Southern First Bancshares in the second quarter worth about $292,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Southern First Bancshares during the 1st quarter valued at about $394,000. 75.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Southern First Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 19th.

Southern First Bancshares Company Profile

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.