On September 13, 2024, Leighton Cubbage, a Director at Southern First Bancshares Inc (SFST, Financial), sold 3,744 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 56,818 shares of Southern First Bancshares Inc.
Southern First Bancshares Inc operates as the bank holding company for Southern First Bank, providing various banking products and services for general public in South Carolina, North Carolina, and Georgia. It offers a range of financial services including personal and commercial banking solutions, and wealth management.
Over the past year, the insider has sold a total of 10,114 shares and has not made any purchases. This recent sale is part of a broader trend observed at Southern First Bancshares Inc, where there have been 8 insider sells and 7 insider buys over the past year.
On the day of the sale, shares of Southern First Bancshares Inc were priced at $31.63. The company has a market cap of approximately $276.54 million. The price-earnings ratio stands at 19.95, which is above both the industry median of 10.17 and the company's historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $33.54, making the price-to-GF-Value ratio 0.94. This suggests that Southern First Bancshares Inc is fairly valued in the market.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors or those looking for signals on the valuation and future prospects of Southern First Bancshares Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
