Key Facts
- Transaction date
- August 3rd
- Shares sold
- 1,500
- Average sale price
- $63.00
- Total transaction value
- $94,500.00
- Shares owned after sale
- 5,200
- Position change
- -22.39%
Background
Southern First Bancshares, Inc. (NASDAQ:SFST) is the bank holding company for Southern First Bank, a community-oriented financial institution headquartered in Greenville, South Carolina. Through its wholly owned subsidiary, the company provides commercial and consumer banking services to small and midsize businesses, professionals, and individual customers.
The bank's offerings include deposit products such as checking, savings, money market accounts, and certificates of deposit, as well as lending solutions covering commercial real estate, construction, equipment financing, and Small Business Administration (SBA) loans. The company operates under a relationship-driven model emphasizing personalized service and local decision-making.
Current Situation
In a transaction dated Monday, August 3rd, Chief Accounting Officer Julie Ann Fairchild sold 1,500 shares of Southern First Bancshares stock at an average price of $63.00, for a total transaction of $94,500.00. Following the sale, Fairchild directly owned 5,200 shares, valued at approximately $327,600. The trade represented a 22.39% decrease in her position. The sale was disclosed in a legal filing with the Securities & Exchange Commission.
On Tuesday, shares of NASDAQ:SFST traded up $1.18, hitting $64.62. Trading volume was 53,234 shares, compared to an average volume of 112,972. The stock has a one-year low of $39.60 and a one-year high of $64.97. The company's fifty-day moving average price is $60.24, and its 200-day moving average price is $57.55. The firm has a market capitalization of $611.35 million, a P/E ratio of 13.81, and a beta of 0.68. Its debt-to-equity ratio is 0.70, with a current ratio of 1.10 and a quick ratio of 1.10.
| Institution | Action | Period | Shares Owned | Value |
|---|---|---|---|---|
| Vanguard Group Inc. | Increased by 2.6% | 3rd quarter | 431,814 | $19,052,000 |
| Dimensional Fund Advisors LP | Increased by 0.7% | 1st quarter | 380,368 | $20,730,000 |
| Walleye Capital LLC | New position | 2nd quarter | Not disclosed | $10,998,000 |
| State Street Corp | Increased by 2.7% | 4th quarter | 164,986 | $8,500,000 |
| Renaissance Technologies LLC | Increased by 17.7% | 1st quarter | 150,607 | $8,208,000 |
Impacts
The sale by the chief accounting officer reduces her direct ownership in the company by more than a fifth, which may be of interest to investors monitoring insider activity. However, the transaction does not necessarily signal a change in company fundamentals, and the stock continued to trade higher the following day.
Institutional investors own 75.00% of the company's stock. Recent moves by large shareholders include Vanguard Group Inc. increasing its holdings by 2.6% in the third quarter, Dimensional Fund Advisors LP lifting its stake by 0.7% in the first quarter, Walleye Capital LLC establishing a new position in the second quarter, State Street Corp growing its position by 2.7% in the fourth quarter, and Renaissance Technologies LLC increasing its stake by 17.7% in the first quarter.
The company's latest quarterly earnings, reported on July 21st, showed earnings per share of $1.20, topping the consensus estimate of $1.19 by $0.01. Revenue for the quarter was $20.40 million, compared to the consensus estimate of $36.30 million. The bank reported a return on equity of 10.76% and a net margin of 16.78%.
Future Outlook
Scenario analysis: The possibilities below are not certain predictions.
Equities analysts expect Southern First Bancshares to post earnings per share of 5.4 for the current year. If the company continues to meet or exceed analyst expectations, investor confidence may remain stable despite the insider sale.
The stock's performance could be influenced by broader market conditions and the bank's ability to maintain its lending and deposit growth. If the company sustains its recent upward price movement, it may approach its one-year high of $64.97. Conversely, if market sentiment weakens, the stock could retreat toward its fifty-day moving average of $60.24.
The impact of the insider sale on future trading remains unclear. Investors may watch for additional insider transactions or changes in institutional holdings to gauge sentiment.
Source: tickerreport.com
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Recent Institutional Activity in Southern First Bancshares
Renaissance Technologies LLC82,08,000
सटीक आंकड़े देखें
| श्रेणी | Value |
|---|---|
| Vanguard Group Inc. | 1,90,52,000 |
| Dimensional Fund Advisors LP | 2,07,30,000 |
| Walleye Capital LLC | 1,09,98,000 |
| State Street Corp | 85,00,000 |
| Renaissance Technologies LLC | 82,08,000 |
स्रोत:tickerreport.com स्रोत-समर्थित
