Southern First Bancshares, Inc. (NASDAQ:SFST) CFO Michael D. Dowling sold 1,700 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $44.25, for a total value of $75,225.00. Following the sale, the chief financial officer now owns 26,807 shares of the company’s stock, valued at $1,186,209.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Southern First Bancshares, Inc. (NASDAQ SFST) traded down $0.60 during midday trading on Wednesday, reaching $45.20. The company’s stock had a trading volume of 7,960 shares, compared to its average volume of 14,801. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.54. Southern First Bancshares, Inc. has a 12-month low of $31.40 and a 12-month high of $46.30. The company has a market capitalization of $339.51, a PE ratio of 23.02 and a beta of 0.69.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wagner Wealth Management LLC bought a new position in shares of Southern First Bancshares in the 4th quarter valued at $238,000. MetLife Investment Advisors LLC bought a new position in shares of Southern First Bancshares in the 4th quarter valued at $141,000. Metropolitan Life Insurance Co. NY bought a new position in shares of Southern First Bancshares in the 4th quarter valued at $100,000. Deutsche Bank AG lifted its stake in shares of Southern First Bancshares by 7.2% in the 4th quarter. Deutsche Bank AG now owns 41,622 shares of the bank’s stock valued at $1,715,000 after acquiring an additional 2,808 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Southern First Bancshares by 19.1% in the 4th quarter. Renaissance Technologies LLC now owns 84,700 shares of the bank’s stock valued at $3,494,000 after acquiring an additional 13,609 shares during the last quarter. Hedge funds and other institutional investors own 70.03% of the company’s stock.
Several research firms have weighed in on SFST. ValuEngine cut Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Finally, BidaskClub cut Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $40.50.
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Southern First Bancshares Company Profile
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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