On September 17, 2024, Director Leighton Cubbage sold 2,500 shares of Southern First Bancshares Inc (SFST, Financial) at a price of $33.99 per share. The transaction was reported through an SEC Filing. Following this sale, the insider now owns 51,803 shares of the company.
Southern First Bancshares Inc operates as the bank holding company for Southern First Bank, providing banking products and services for small-to-medium sized businesses, professionals, and other individuals. It offers various deposit products and loans, alongside other financial services.
Over the past year, the insider has sold a total of 15,129 shares and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 10 insider sells and 7 insider buys over the past year.
The shares of Southern First Bancshares Inc were trading at $33.99 on the day of the sale, giving the company a market cap of $280.537 million. The price-earnings ratio of the company stands at 20.24, which is above the industry median of 10.2 and also higher than the company's historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $33.49, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.01. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment. The transaction details and the company's valuation metrics provide a snapshot of Southern First Bancshares Inc's current financial position and market perception.
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.
