Leighton M. Cubbage, a director at Southern First Bancshares Inc (NASDAQ:SFST), recently sold a total of 2,515 shares of the company, according to the latest SEC filings. The transactions, all executed on September 16, 2024, amounted to over $83,727 in value, with share prices ranging from $33.1009 to $33.7457.
The series of sales began with a disposal of 15 shares at a price of $33.7457 each, followed by larger transactions including 500 shares sold at $33.6164 per share, and two separate sales of 1,000 shares each, at prices of $33.1009 and $33.3123 respectively. After these transactions, Cubbage's ownership in the company stands at 54,303 shares.
Southern First Bancshares, headquartered in Greenville, South Carolina, is known for its operations in national commercial banking. The sales by Cubbage come as a regular disclosure of stock transactions by company insiders, providing transparency to the investing public about the financial dealings of its executives and directors.
Investors often monitor such insider transactions as they can provide insights into the executives' perspective on the company's current valuation and future prospects. However, it's important to note that these transactions can be motivated by various personal financial considerations and do not always indicate a change in company fundamentals.
The specifics of these transactions are publicly available for review in the detailed SEC Form 4 filings by Southern First Bancshares Inc.
InvestingPro Insights
As we delve into the recent insider trading activity at Southern First Bancshares Inc (NASDAQ:SFST), the company's financial health and performance metrics provide context for investors observing the stock's dynamics. According to InvestingPro data, Southern First Bancshares has a market capitalization of $273.2 million and an adjusted price-to-earnings (P/E) ratio for the last twelve months as of Q2 2024 of 19.82, which offers a perspective on how the market is valuing the company's earnings.
InvestingPro Tips highlight that Southern First Bancshares has experienced a significant return over the last three months with a 26.18% price total return, indicating a strong short-term performance in the market. Additionally, analysts predict the company will be profitable this year, which aligns with the company's reported profitability over the last twelve months. This information could be particularly relevant for investors considering the recent insider sales and assessing the company's future potential.
Despite the robust returns, investors should be aware of the company's weak gross profit margins, as indicated by an InvestingPro Tip. This could be a focal point for those analyzing the company's ability to translate sales into profits efficiently. For those interested in exploring further insights and tips, there are additional InvestingPro Tips available at https://www.investing.com/pro/SFST, providing a deeper dive into Southern First Bancshares' financial metrics and potential investment considerations.
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