Insider Selling: CEO Seaver R. Arthur Jr. Sells Shares of Southern First Bancshares Inc (SFST)
Seaver R. Arthur Jr., CEO of Southern First Bancshares Inc (NASDAQ:SFST), has sold 5,280 shares of the company on March 21, 2024, according to a recent SEC filing. The transaction was executed at an average price of $31.22 per share, resulting in a total value of $164,841.60.
Southern First Bancshares Inc, the holding company for Southern First Bank, provides banking products and services for small-to medium-sized businesses, professionals, and other individuals. It operates through various branches located in the Southeastern United States.
Over the past year, the insider has sold a total of 10,000 shares and purchased 253 shares of the company. The recent sale by the insider is part of a broader trend observed within the company's insider trading activities. Over the past year, there have been 27 insider buys and only 2 insider sells for Southern First Bancshares Inc.
On the valuation front, Southern First Bancshares Inc's shares were trading at $31.22 on the day of the insider's sale, giving the company a market capitalization of $260.666 million. The price-earnings ratio stands at 19.25, which is above the industry median of 9.36 and also higher than the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 0.86, with a GF Value of $36.48, indicating that Southern First Bancshares Inc is considered modestly undervalued according to GuruFocus's intrinsic value estimate. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider trading activities, providing a visual representation of the buys and sells over the past year.
The GF Value image above illustrates the relationship between the company's current share price and its intrinsic value, suggesting that the stock is trading below what GuruFocus considers its fair value.
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.
This article first appeared on GuruFocus.
