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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sat., Apr. 29, 5:11 AM

Slide #3. Southern First Bancshares, Inc. Secondary Offering

Company: Southern First Bancshares, Inc. (NASDAQ:SFST)
Date announced: 4/27/2017
Shares Offered: 700,000
Date of Pricing: 4/27/2017
Price Per Share: $32.75
Secondary Offering Details: Southern First Bancshares, Inc. (NASDAQ: SFST), the Company, announced today that on April 27, 2017 it priced its previously announced public offering of 700,000 shares of common stock at $32.75 per share for gross proceeds of $22.9 million. The Company expects to close the sale of the shares of common stock on or about May 2, 2017, subject to customary closing conditions. Sandler O'Neill + Partners, L.P. is the sole underwriter for the offering. The underwriter will have a 30-day option to purchase up to an additional 105,000 shares of common stock from the Company at the offering price.

Southern First Bancshares is a bank holding company. Co. operates through its subsidiaries, Southern First Bank, N.A. (the Bank), and Greenville First Statutory Trust I and II (collectively, the Trusts). The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation, and providing commercial, consumer and mortgage loans to the general public. The Trusts are engaged in issuing trust preferred securities. Co. focuses its lending activities primarily to doctors, dentists, and small business owners. As of Dec 31 2015, Co. had total assets of $1.22 billion and total deposits of $985.7 million.

SFST SEC Filing Email Alerts Service

Open the SFST Page at The Online Investor »

Company Name:  Southern First Bancshares, Inc.
Sector:  Banking & Savings
Number of ETFs Holding SFST:  11
Total Market Value Held by ETFs:  $5.74M
Total Market Capitalization:  $214.00M
% of Market Cap. Held by ETFs:  2.68%
 

Open the SFST Page at The Online Investor (in a new window) »

April 29, 2017    5:11 AM Eastern
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