Julie Ann Fairchild, the Chief Accounting Officer of Southern First Bancshares Inc. (NASDAQ:), reported a series of stock transactions on November 25, 2024. Fairchild sold 1,000 shares of common stock at a price of $45.23 per share, totaling $45,230. Additionally, she acquired 1,500 shares at a price of $16.78 per share, amounting to $25,170. Following these transactions, Fairchild holds 5,840 shares in direct ownership.
InvestingPro Insights
Southern First Bancshares Inc. (NASDAQ:SFST) has been experiencing significant momentum in the market, which aligns with the recent insider activity reported by Chief Accounting Officer Julie Ann Fairchild. According to InvestingPro data, SFST’s stock is trading near its 52-week high, with a remarkable 58.37% price total return over the past six months and a 36.63% return in the last three months.
The company’s financial performance appears solid, with a revenue of $90.17 million in the last twelve months as of Q3 2023, representing a 3.18% growth. SFST’s operating income margin stands at a healthy 24.66%, indicating efficient operations. The stock’s P/E ratio of 26.24 suggests investors are willing to pay a premium for the company’s earnings potential.
InvestingPro Tips highlight that SFST has shown strong returns over the last month and three months, corroborating the stock’s recent performance. Analysts predict the company will be profitable this year, which may explain the insider’s decision to acquire additional shares. However, it’s worth noting that SFST does not pay a dividend to shareholders, which might influence investor strategies focused on income generation.
For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips for SFST, providing a deeper understanding of the company’s financial health and market position.
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