Southern First Bancshares, Inc. (NASDAQ:SFST) Director Buys $43,200.00 in Stock

Southern First Bancshares, Inc. (NASDAQ:SFSTGet Rating) Director David G. Ellison bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, September 21st. The shares were bought at an average price of $43.20 per share, with a total value of $43,200.00. Following the completion of the transaction, the director now directly owns 41,668 shares in the company, valued at approximately $1,800,057.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Southern First Bancshares Trading Down 0.5 %

NASDAQ SFST opened at $43.00 on Thursday. The stock has a market capitalization of $343.57 million, a price-to-earnings ratio of 8.40 and a beta of 0.88. The stock’s 50 day moving average price is $44.46 and its two-hundred day moving average price is $46.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.05. Southern First Bancshares, Inc. has a 52 week low of $41.83 and a 52 week high of $65.59.

Southern First Bancshares (NASDAQ:SFSTGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The bank reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.18). Southern First Bancshares had a return on equity of 14.93% and a net margin of 36.78%. The company had revenue of $27.15 million for the quarter. As a group, analysts anticipate that Southern First Bancshares, Inc. will post 4.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Southern First Bancshares

A number of large investors have recently added to or reduced their stakes in SFST. Amalgamated Bank acquired a new position in Southern First Bancshares in the 1st quarter valued at $51,000. BNP Paribas Arbitrage SA grew its holdings in Southern First Bancshares by 80.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,862 shares of the bank’s stock valued at $81,000 after buying an additional 830 shares in the last quarter. SG Americas Securities LLC acquired a new position in Southern First Bancshares in the 2nd quarter valued at $132,000. MetLife Investment Management LLC grew its holdings in Southern First Bancshares by 55.7% in the 1st quarter. MetLife Investment Management LLC now owns 3,316 shares of the bank’s stock valued at $169,000 after buying an additional 1,186 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Southern First Bancshares by 9.8% in the 1st quarter. First Trust Advisors LP now owns 4,032 shares of the bank’s stock valued at $205,000 after buying an additional 360 shares in the last quarter. Institutional investors own 79.38% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson cut Southern First Bancshares to an “outperform” rating in a research note on Tuesday, August 9th.

About Southern First Bancshares

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Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It operates through three segments: Commercial and Retail Banking, Mortgage Banking, and Corporate Operations.

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

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