Trade Report: The Insider Selling: Southern First Bancshares Inc. (SFST) CFO Sold $79,000.00 in Stock

The Insider Selling: Southern First Bancshares Inc. (SFST) CFO Sold $79,000.00 in Stock

Southern First Bancshares Inc. (NASDAQ:SFST) CFO Michael D. Dowling sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $31.60, for a total value of $79,000.00. Following the sale, the chief financial officer now directly owns 26,464 shares in the company, valued at $836,262.40. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of Southern First Bancshares Inc. (NASDAQ:SFST) opened at 32.10 on Monday. Southern First Bancshares Inc. has a 12-month low of $21.15 and a 12-month high of $33.47. The stock has a market cap of $204.86 million, a price-to-earnings ratio of 17.07 and a beta of 0.49. The company’s 50-day moving average price is $28.15 and its 200 day moving average price is $27.02.

Separately, Zacks Investment Research cut Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th.

A number of hedge funds and other institutional investors have recently made changes to their positions in SFST. The Manufacturers Life Insurance Company bought a new position in shares of Southern First Bancshares during the third quarter valued at $9,528,000. Acrospire Investment Management LLC boosted its position in shares of Southern First Bancshares by 15.4% in the third quarter. Acrospire Investment Management LLC now owns 4,879 shares of the company’s stock valued at $135,000 after buying an additional 650 shares in the last quarter. Northern Trust Corp boosted its position in shares of Southern First Bancshares by 322.7% in the third quarter. Northern Trust Corp now owns 51,540 shares of the company’s stock valued at $1,421,000 after buying an additional 39,347 shares in the last quarter. Emerald Acquisition Ltd. boosted its position in shares of Southern First Bancshares by 1,072.3% in the third quarter. Emerald Acquisition Ltd. now owns 9,378 shares of the company’s stock valued at $258,000 after buying an additional 8,578 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Southern First Bancshares by 0.8% in the third quarter. California State Teachers Retirement System now owns 12,118 shares of the company’s stock valued at $334,000 after buying an additional 100 shares in the last quarter. Institutional investors own 62.65% of the company’s stock.

Southern First Bancshares Company Profile

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