SFST
Southern First Bancshares, Inc.Financial Services·Banks - Regional
$57.77
$546M market cap
Revenue
$91.4M
Free Cash Flow
$8.1M
Rev Growth
+0.0%
FCF Margin
8.9%
P/FCF
67.2x
EV/FCF
85.6x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Southern First Bancshares, Inc. operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It operates through three segments: Commercial and Retail Banking, Mortgage Banking, and Corporate Operations. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily m
2-Year Price History
$57.32+108.7%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 33.8 | 12.5 | 12.5 | 9.9 | 10.8 | 10.5 | -0.3 | 114.6 | 264.9 | 8.3 | 10.1% | 0.5x | -- |
| Act | 2025-Q4 | 57.6 | 13.5 | 12.8 | 9.9 | -2.1 | -2.4 | -0.3 | 86.1 | 264.9 | 8.1 | 10.3% | 0.5x | -- |
Valuation & Metrics
Market Stats
Price$57.77
Market Cap$546M
Enterprise Value$697M
P/S Ratio6.0x
P/FCF67.2x
EV/FCF85.6x
FCF Margin (TTM)8.9%
FCF Yield1.5%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$91.4M
Net Income$19.7M
Free Cash Flow$8.1M
Revenue Growth (YoY)+0.0%
EBITDA Margin28.5%
Net Margin21.6%
FCF Margin8.9%
CapEx % of Revenue0.6%
SBC % of Revenue1.3%
ROIC10.1%
WC Change % Rev0.0%
Interest Coverage0.5x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.1M
Days to Cover1.0
Change (vs Prior)+1.5%
Need at least 2 settlement dates for chart
Employees
Headcount297
Revenue / Employee$307,808
Gross Profit / Employee$214,421
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
49.1%(+22.1% YoY)
133 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
19.7%(+7.8% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.1%(-0.0% YoY)
4 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| T. Rowe Price Investment Management, Inc. | $44.6M | $42.20 | +$1.8M | +$810K | -1.3% | $145.22B |
| FJ Capital Management LLC | $44.0M | $26.92 | +$0 | +$0 | -0.8% | $888M |
| BlackRock, Inc.Passive | $38.8M | $34.08 | −$514K | −$2.5M | -0.2% | $5.69T |
| ENDEAVOUR CAPITAL ADVISORS INC | $33.1M | $36.92 | +$1.2M | +$1.0M | -1.9% | $441M |
| DIMENSIONAL FUND ADVISORS LPPassive | $20.7M | $36.40 | +$145K | +$1.1M | -0.4% | $480.92B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $18.8M | $54.50 | +$18.8M | +$18.8M | — | $4.04T |
| AMERIPRISE FINANCIAL INC | $14.8M | $34.22 | +$191K | −$473K | -0.1% | $430.96B |
| Rhino Investment Partners, Inc | $11.5M | $39.58 | +$0 | +$0 | -0.4% | $359M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $9.8M | $33.47 | +$83K | +$189K | +2.3% | $1.61T |
| BANC FUNDS CO LLC | $9.4M | $36.75 | +$0 | −$7.0M | -1.3% | $537M |
| STATE STREET CORPPassive | $9.2M | $34.97 | +$162K | +$360K | -0.2% | $2.89T |
| RENAISSANCE TECHNOLOGIES LLC | $8.2M | $42.37 | +$1.2M | +$2.8M | +1.2% | $63.91B |
| AMERICAN CENTURY COMPANIES INC | $8.1M | $42.72 | +$1.3M | +$2.6M | +0.7% | $193.48B |
| ACADIAN ASSET MANAGEMENT LLC | $6.8M | $46.07 | +$2.0M | +$4.0M | -0.5% | $70.48B |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $6.3M | $42.02 | +$2.6M | +$6.3M | -0.1% | $31.89B |
| MORGAN STANLEY | $4.6M | $41.63 | +$1.7M | +$1.7M | -0.3% | $1.65T |
| NORTHERN TRUST CORPPassive | $3.9M | $41.66 | +$235K | −$406K | -0.2% | $755.34B |
| GOLDMAN SACHS GROUP INC | $3.6M | $38.11 | −$658K | −$38K | -0.2% | $760.93B |
| GABELLI FUNDS LLC | $3.4M | $39.20 | +$107K | +$1.4M | -0.2% | $14.68B |
| ZACKS INVESTMENT MANAGEMENT | $3.4M | $41.55 | +$246K | +$3.4M | -0.1% | $12.46B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.62%
avg per quarter
Holders (ex-self)
-0.61%
excl. this stock
Buyers (this Q)
-0.34%
72 buyers · $0.06B in
Sellers (this Q)
-0.77%
40 sellers · $0.02B out
alpha coverage: 94% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-1.0%
how holders react when this stock falls
On quiet Qs
+9.1%
−10% to +10% baseline
On rallies (+10%+)
+10.9%
how they react when this stock rises
Holders' portfolio flow this Q
+2.4%
inflows — adds are organic
Sellers' portfolio flow this Q
+7.3%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-3.8%
Holder mid (any stock)
-4.4%
Holder rally (any stock)
-8.2%
Biggest decreases this quarter
Koss-Olinger Consulting, LLCexited−$2.2MCITADEL ADVISORS LLCexited−$1.8MSquarepoint Ops LLCexited−$831KGOLDMAN SACHS GROUP INC−$658Kα-0.2Azora Capital LPexited−$645KNewEdge Advisors, LLCexited−$576KBlackRock, Inc.−$514Kα-0.2TWO SIGMA INVESTMENTS, LPexited−$292KCANADA PENSION PLAN INVESTMENT BOARDexited−$149KSG Americas Securities, LLCexited−$115K
New buyers this quarter
Top-5 holders · 48.7%
T. Rowe Price Investment Management, Inc.--
FJ Capital Management LLC--
BlackRock, Inc.--
ENDEAVOUR CAPITAL ADVISORS INC--
DIMENSIONAL FUND ADVISORS LP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
T. Rowe Price Investment Management, Inc.818KFJ Capital Management LLC807KPRICE T ROWE ASSOCIATES INC /MD/5KENDEAVOUR CAPITAL ADVISORS INC607KMANUFACTURERS LIFE INSURANCE COMPANY, THE—BANC FUNDS CO LLC172KWELLINGTON MANAGEMENT GROUP LLP—AMERIPRISE FINANCIAL INC271KRhino Investment Partners, Inc210KEJF Capital LLC—
Analyst Coverage
Analyst Coverage
Price Targets
Last Year (1 analysts)$64.001080.0%
Current Price$57.77
Analyst Ratings
1
6
Buy: 1Hold: 6Consensus: Hold
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$44K
4 txns · 3 insiders · 925 sh
Sells ($, 12mo)
$884K
7 txns · 6 insiders · 16,501 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-03-06 | BUY | Maner William IV | director | 400 | $52.35 | $21K | $188K |
| 2026-02-26 | SELL | King Silvia T | officer: Chief Human Resources Officer | 2,625 | $60.49 | $159K | $240K |
| 2025-12-15 | SELL | SEAVER R ARTHUR JR | director, officer: Chief Executive Officer | 10,000 | $55.14 | $551K | $5.94M |
| 2025-12-10 | SELL | ELLISON DAVID G | director | 1,000 | $53.28 | $53K | $2.65M |
| 2025-11-21 | SELL | Fairchild Julie Ann | officer: Chief Accounting Officer | 1,258 | $50.00 | $63K | $223K |
| 2025-11-03 | BUY | ELLISON DAVID G | director | 200 | $43.50 | $9K | $2.20M |
| 2025-10-31 | BUY | ELLISON DAVID G | director | 100 | $44.00 | $4K | $2.22M |
| 2025-10-31 | BUY | Locke Anna T | director | 225 | $44.05 | $10K | $145K |
| 2025-08-27 | SELL | CUBBAGE LEIGHTON M | director | 35 | $45.12 | $2K | $2.31M |
| 2025-06-23 | SELL | CUBBAGE LEIGHTON M | director | 1,083 | $35.72 | $39K | $1.83M |
| 2025-06-04 | SELL | ELLEFSON ANNE S | director | 500 | $35.01 | $18K | $234K |
Order Flow (FINRA, ~3w lag)
9.8%retail+1.4pp
28.4%dark+1.1pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Southern First Bancshares, Inc.: Routine administrative update with minimal forensic footprint
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
2/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10