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Anne S. Ellefson, a director at Southern First Bancshares Inc (NASDAQ:SFST), recently sold 500 shares of the company’s common stock. The transaction, which took place on June 4, 2025, was executed at an average price of $35.0127 per share, amounting to a total value of $17,506. The regional bank, currently valued at $288 million, trades near InvestingPro’s Fair Value estimate with a P/E ratio of 16.2x. Following this sale, Ellefson retains ownership of 6,697 shares in the company. The stock has shown resilience with a 36% return over the past year, despite recent market volatility. InvestingPro analysis reveals the company maintains a "Fair" financial health score, with additional insights available to subscribers.
In other recent news, Southern First Bancshares has made several notable announcements. The company reported the appointment of three new directors to its board: Jennie Cluverius, Darrin Goss, and Billy McClatchey. This move, effective June 1, 2025, was confirmed by a joint decision of the Boards of Directors of Southern First Bancshares and Southern First Bank. Additionally, Southern First Bancshares has promoted Wes Wilbanks to Chief Credit Officer and Executive Vice President. Wilbanks, who joined the company in 2021, brings 25 years of banking experience to his new role. In a shift within the executive team, Chief Risk Officer William M. Aiken III will be departing from the company, effective March 31, 2025. CEO Art Seaver expressed gratitude for Aiken’s contributions to the company’s risk management strategies. The company has not yet announced a successor for the Chief Risk Officer position. These developments underscore Southern First Bancshares’ commitment to strengthening its leadership team amid ongoing growth and strategic initiatives.
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