Leighton M. Cubbage Sells 2,515 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 2,515 shares of Southern First Bancshares stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $33.29, for a total value of $83,724.35. Following the completion of the sale, the director now owns 54,303 shares of the company’s stock, valued at $1,807,746.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Southern First Bancshares Stock Up 2.6 %

Southern First Bancshares stock opened at $34.40 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.87. The firm has a market cap of $280.57 million, a P/E ratio of 20.98 and a beta of 0.81. The business has a fifty day moving average of $32.60 and a two-hundred day moving average of $29.87. Southern First Bancshares, Inc. has a twelve month low of $24.98 and a twelve month high of $39.36.

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

Institutional Trading of Southern First Bancshares

A number of institutional investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC raised 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 acquiring an additional 2,000 shares in the last quarter. BNP Paribas Financial Markets boosted its stake 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 acquiring 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 worth $266,000. Long Focus Capital Management LLC acquired a new position in shares of Southern First Bancshares during the second quarter worth $292,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Southern First Bancshares during the first quarter worth $394,000. 75.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.