Southern First Bancshares director William Maner IV buys $25,305 in stock

In a recent filing with the Securities and Exchange Commission, Southern First Bancshares Inc. (NASDAQ:SFST) disclosed that Director William Maner IV purchased 700 shares of the company’s common stock. The transaction, which took place on May 14, 2025, was executed at a price of $36.15 per share, amounting to a total investment of $25,305. The bank, currently valued at approximately $299 million, trades at a P/E ratio of 16.2 and below book value with a Price/Book ratio of 0.89.

Following this acquisition, Maner now directly owns 2,700 shares of Southern First Bancshares. This purchase reflects continued confidence in the Greenville, South Carolina-based financial institution. Investors often watch insider transactions closely, as they can signal the insider’s perspective on the company’s future prospects. According to InvestingPro analysis, the company has shown strong performance with a 31.7% return over the past year, though current prices suggest slight overvaluation relative to Fair Value estimates. InvestingPro subscribers can access additional insights, including 6 more key ProTips about SFST’s financial health and growth prospects.

In other recent news, Southern First Bancshares has announced the promotion of Wes Wilbanks to the position of Chief Credit Officer and Executive Vice President. Wilbanks, who joined Southern First in 2021, brings 25 years of banking experience to his new role, which aligns with the company’s focus on growth and risk management. This strategic move is expected to bolster Southern First’s leadership team and enhance its credit risk management. Additionally, Southern First Bancshares has announced the upcoming departure of its Chief Risk Officer, William M. Aiken III, effective March 31, 2025. Aiken has been with the company since 2020 and played a key role in shaping its risk management strategies. The company has not yet named a successor for the Chief Risk Officer position. These executive changes reflect Southern First Bancshares’ ongoing efforts to maintain a robust leadership team in the competitive banking industry. Stakeholders are keen to see how these transitions will influence the company’s strategic direction.

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