Southern First Bancshares, Inc. (NASDAQ:SFST) Director Leighton M. Cubbage sold 965 shares of the stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $31.91, for a total transaction of $30,793.15. Following the completion of the transaction, the director now directly owns 88,654 shares of the company’s stock, valued at approximately $2,828,949.14. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) traded up 0.93% on Monday, hitting $32.60. 7,031 shares of the company were exchanged. The stock has a market capitalization of $210.79 million, a PE ratio of 16.80 and a beta of 0.55. The firm’s 50-day moving average is $33.38 and its 200-day moving average is $31.62. Southern First Bancshares, Inc. has a 52-week low of $22.30 and a 52-week high of $38.55.
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A number of brokerages recently commented on SFST. Zacks Investment Research downgraded shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Keefe, Bruyette & Woods downgraded shares of Southern First Bancshares from an “outperform” rating to a “market perform” rating and increased their price target for the company from $30.00 to $32.00 in a report on Tuesday, November 29th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in Southern First Bancshares by 91.0% in the third quarter. Wells Fargo & Company MN now owns 4,617 shares of the company’s stock worth $128,000 after buying an additional 2,200 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Southern First Bancshares by 15.4% in the third quarter. Acrospire Investment Management LLC now owns 4,879 shares of the company’s stock worth $135,000 after buying an additional 650 shares during the last quarter. Bessemer Group Inc. boosted its position in Southern First Bancshares by 34.2% in the fourth quarter. Bessemer Group Inc. now owns 5,100 shares of the company’s stock worth $184,000 after buying an additional 1,300 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Southern First Bancshares during the fourth quarter worth $221,000. Finally, Integre Asset Management LLC purchased a new position in Southern First Bancshares during the fourth quarter worth $222,000. 62.78% of the stock is owned by institutional investors.
About Southern First Bancshares
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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