Insider Selling: Southern First Bancshares, Inc. (NASDAQ:SFST) Director Sells 600 Shares of Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Anne S. Ellefson sold 600 shares of Southern First Bancshares stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $28.00, for a total transaction of $16,800.00. Following the completion of the transaction, the director now owns 6,712 shares of the company’s stock, valued at approximately $187,936. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Southern First Bancshares Stock Down 0.4 %

Shares of NASDAQ SFST opened at $27.18 on Friday. The stock has a market capitalization of $221.79 million, a P/E ratio of 16.57 and a beta of 0.78. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.10 and a quick ratio of 1.10. Southern First Bancshares, Inc. has a one year low of $20.75 and a one year high of $39.36. The firm’s 50 day simple moving average is $30.46 and its two-hundred day simple moving average is $31.75.

Wall Street Analyst Weigh In

SFST has been the subject of a number of analyst reports. Piper Sandler raised Southern First Bancshares from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $34.00 to $44.00 in a report on Wednesday, January 3rd. StockNews.com cut shares of Southern First Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th.

Hedge Funds Weigh In On Southern First Bancshares

A number of large investors have recently added to or reduced their stakes in SFST. FinTrust Capital Advisors LLC boosted its position in Southern First Bancshares by 256.4% during the fourth quarter. FinTrust Capital Advisors LLC now owns 2,780 shares of the bank’s stock valued at $103,000 after buying an additional 2,000 shares during the period. SG Americas Securities LLC purchased a new stake in Southern First Bancshares during the 4th quarter valued at about $157,000. ELCO Management Co. LLC bought a new position in Southern First Bancshares during the 3rd quarter worth approximately $207,000. Wagner Wealth Management LLC purchased a new position in Southern First Bancshares in the 4th quarter worth approximately $209,000. Finally, Patton Albertson Miller Group LLC bought a new stake in Southern First Bancshares in the fourth quarter valued at approximately $209,000. Hedge funds and other institutional investors own 75.00% of the company’s stock.

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.