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GREENVILLE, S.C.— Southern First Bancshares Inc. (NASDAQ:SFST) Director Anna T. Locke recently acquired 360 shares of the company’s common stock, according to a regulatory filing. The shares were purchased at a price of $37.01 each, totaling approximately $13,323. The purchase comes as the stock has seen a significant decline over the past three months, according to InvestingPro data, with shares currently trading near $36.
Following this transaction, Locke holds a total of 2,582 shares in the company. The purchase was reported in a Form 4 filing with the Securities and Exchange Commission, which tracks insider trading activity. The stock currently trades at a P/E ratio of 18.7, with InvestingPro analysis indicating the company is fairly valued. InvestingPro’s Financial Health score rates the company as "FAIR," with particularly strong cash flow metrics.
Southern First Bancshares is a national commercial bank headquartered in Greenville, South Carolina. The company, with a market capitalization of approximately $294 million, has demonstrated profitability over the last twelve months. InvestingPro subscribers have access to 6 additional key insights about SFST, along with detailed financial metrics and analysis tools.
In other recent news, Southern First Bancshares, a national commercial banking firm, has made notable changes to its 2020 Equity Incentive Plan. The company’s Board of Directors approved modifications to the administrative requirements for awarding restricted stock units, granting certain executives the authority to issue equity awards under the plan. Effective January 21, 2025, this amendment aims to expedite the process of granting equity awards, a strategic tool often used to attract, retain, and motivate employees in the competitive banking industry.
The move is part of Southern First Bancshares’ broader efforts to align the interests of its employees with those of its shareholders. The amendment and the form of the Restricted Stock Unit Grant Notice have been filed with the SEC and are attached as exhibits to the company’s current report. This provides transparency into the company’s executive compensation practices and governance.
These recent developments reflect Southern First Bancshares’ ongoing commitment to effective corporate governance and its focus on long-term value creation for its stakeholders. As always, investors and interested parties can refer to these documents for more detailed information on the changes to the equity incentive plan.
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