Southern First Bancshares, Inc. (NASDAQ:SFST) Director Rudolph G. Johnstone III Sells 2,000 Shares

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Rudolph G. Johnstone III sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 14th. The stock was sold at an average price of $50.25, for a total value of $100,500.00. The sale was disclosed in a filing with the SEC, which is available at this link.

SFST opened at $49.64 on Friday. Southern First Bancshares, Inc. has a 1-year low of $23.16 and a 1-year high of $56.42. The stock’s fifty day simple moving average is $50.40 and its 200 day simple moving average is $50.74. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.14. The stock has a market cap of $392.16 million, a PE ratio of 12.47 and a beta of 1.06.

Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings results on Monday, July 26th. The bank reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. Southern First Bancshares had a return on equity of 13.43% and a net margin of 27.10%. Equities analysts forecast that Southern First Bancshares, Inc. will post 4.98 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY raised its stake in Southern First Bancshares by 119,150.0% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 2,385 shares of the bank’s stock valued at $122,000 after acquiring an additional 2,383 shares during the period. UBS Group AG grew its holdings in Southern First Bancshares by 16.3% in the 1st quarter. UBS Group AG now owns 2,985 shares of the bank’s stock valued at $140,000 after buying an additional 418 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Southern First Bancshares by 83.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,433 shares of the bank’s stock valued at $161,000 after buying an additional 1,559 shares in the last quarter. Wagner Wealth Management LLC acquired a new position in Southern First Bancshares in the 1st quarter valued at $173,000. Finally, Salzhauer Michael acquired a new position in Southern First Bancshares in the 2nd quarter valued at $205,000. Institutional investors and hedge funds own 78.97% of the company’s stock.

Separately, Zacks Investment Research cut Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, August 6th.

Southern First Bancshares Company Profile

Southern First Bancshares, Inc is a bank holding company, which engages in the provision of banking products and services for small-to medium-sized businesses, professionals, and other individuals. It operates through the following segments: Commercial and Retail Banking, Mortgage Banking, and Corporate.

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Insider Buying and Selling by Quarter for Southern First Bancshares (NASDAQ:SFST)

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