Leighton M. Cubbage, serving as a director at Southern First Bancshares Inc. (NASDAQ:SFST), executed a transaction involving the sale of 765 shares of the company's common stock on June 10, 2026. The financial value of this divestment totaled $46,359, with the shares being transacted at a price of $60.60 each. This timing coincides with the stock trading near its 52-week high of $62, a level reached following a substantial 67% gain over the previous year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value, positioning it among companies on the Most Overvalued list.
Following the completion of this transaction, Mr. Cubbage directly holds 50,715 shares of Southern First Bancshares common stock. For investors seeking deeper insights, InvestingPro offers 7 additional exclusive tips about SFST, including analysis of the company’s valuation metrics and growth prospects.
In other recent news, Southern First Bancshares, Inc. completed an underwritten public offering of 1,207,500 shares of common stock at $54.00 per share. This offering included 157,500 shares sold through the underwriters’ full exercise of their option to purchase additional shares, resulting in gross proceeds of approximately $65.2 million before deducting discounts and expenses. Prior to this, the company had priced the offering at $54.00 per share, initially expecting to generate approximately $56.7 million in gross proceeds. The option for underwriters to purchase additional shares was also part of the initial pricing plan. Southern First Bancshares announced the launch of this public stock offering with the intention of using net proceeds for general corporate purposes. These purposes include supporting organic growth initiatives, providing capital to its bank subsidiary, and addressing outstanding indebtedness.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Is SFST a bargain right now?The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy. Get the bottom line for SFST plus thousands of other stocks and find your next hidden gem with massive upside.See Undervalued Stocks