Southern First Bancshares, Inc. (NASDAQ:SFST) CFO David Andrew Borrmann Buys 500 Shares

Southern First Bancshares, Inc. (NASDAQ:SFST – Get Rating) CFO David Andrew Borrmann acquired 500 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was purchased at an average cost of $23.25 per share, with a total value of $11,625.00. Following the transaction, the chief financial officer now owns 9,600 shares of the company’s stock, valued at $223,200. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

David Andrew Borrmann also recently made the following trade(s):

• On Tuesday, May 16th, David Andrew Borrmann bought 200 shares of Southern First Bancshares stock. The stock was purchased at an average cost of $22.81 per share, with a total value of $4,562.00.
• On Tuesday, May 9th, David Andrew Borrmann acquired 200 shares of Southern First Bancshares stock. The stock was acquired at an average cost of $22.54 per share, with a total value of $4,508.00.
• On Thursday, May 4th, David Andrew Borrmann bought 200 shares of Southern First Bancshares stock. The shares were acquired at an average price of $21.45 per share, for a total transaction of $4,290.00.
• On Monday, May 1st, David Andrew Borrmann purchased 1,000 shares of Southern First Bancshares stock. The stock was acquired at an average price of $27.20 per share, with a total value of $27,200.00.
• On Friday, April 28th, David Andrew Borrmann bought 6,000 shares of Southern First Bancshares stock. The stock was bought at an average cost of $27.62 per share, for a total transaction of $165,720.00.

Southern First Bancshares Trading Down 2.2 %

NASDAQ SFST opened at $23.41 on Tuesday. The firm has a market capitalization of $188.45 million, a price-to-earnings ratio of 7.94 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.07 and a current ratio of 1.07. Southern First Bancshares, Inc. has a one year low of $20.75 and a one year high of $49.96. The company’s 50 day moving average price is $28.36 and its 200 day moving average price is $38.49.

Wall Street Analyst Weigh In

SFST has been the topic of a number of recent analyst reports. StockNews.com began coverage on shares of Southern First Bancshares in a research note on Thursday, May 18th. They set a “sell” rating on the stock. Piper Sandler cut their target price on Southern First Bancshares from $36.00 to $30.00 in a research report on Tuesday, May 2nd. Finally, TheStreet cut Southern First Bancshares from a “b-” rating to a “c+” rating in a report on Tuesday, April 11th.

Institutional Investors Weigh In On Southern First Bancshares

Large investors have recently made changes to their positions in the business. Putnam Investments LLC boosted its position in Southern First Bancshares by 7.0% during the 1st quarter. Putnam Investments LLC now owns 48,902 shares of the bank’s stock worth $1,501,000 after purchasing an additional 3,201 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Southern First Bancshares by 19.9% during the first quarter. Ameriprise Financial Inc. now owns 251,207 shares of the bank’s stock worth $7,712,000 after purchasing an additional 41,764 shares in the last quarter. State Street Corp boosted its position in shares of Southern First Bancshares by 1.5% in the first quarter. State Street Corp now owns 151,668 shares of the bank’s stock worth $4,656,000 after buying an additional 2,238 shares during the period. Geode Capital Management LLC grew its stake in shares of Southern First Bancshares by 4.3% in the first quarter. Geode Capital Management LLC now owns 139,686 shares of the bank’s stock valued at $4,288,000 after buying an additional 5,771 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Southern First Bancshares by 34.7% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 69,119 shares of the bank’s stock valued at $2,122,000 after buying an additional 17,810 shares during the period. Institutional investors and hedge funds own 79.08% of the company’s stock.

Southern First Bancshares Company Profile

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Southern First Bancshares, Inc is a bank holding company, which engages in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (FDIC), and the provision of commercial, consumer, and mortgage loans to the general public. The company was founded in March 1999 and is headquartered in Greenville, SC.