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Quotes delayed 20 minutes
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Strong Buy (4.00 out of 4)
84th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Monday, August 19, 12:41 PM
Slide #254. Southern First Bancshares, Inc. — Preferred Stock Offering
| Company: |
Southern First Bancshares, Inc. (NASDAQ:SFST) |
| Date announced: |
11/3/2014 |
| Shares Offered: |
1,200,000 |
| Preferred Stock Offering Details: |
Southern First Bancshares, Inc. (NASDAQ: SFST), the Company, announced today that it intends to commence a public offering of 1,200,000 shares of its common stock through a firm commitment underwritten offering. The Company intends to use the proceeds of the offering to repurchase all of its remaining outstanding shares of Series T Preferred Stock, and to use any remainder for general corporate purposes, including contributing a portion of the proceeds to Southern First Bank, the bank subsidiary of the Company, as additional capital to support organic growth. |
Southern First Bancshares is a bank holding company. Through its subsidiary, Co. 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. Co. provides a range of lending services, including real estate, commercial, and equity-line consumer loans to individuals and small- to medium-sized businesses and firms that are located in or conduct a substantial portion of their business in Co.'s market area. In addition, Co. provides other bank services including internet banking, cash management, safe deposit boxes, and direct deposit.
 Open the SFST Page at Preferred Stock Channel »
| Name: |
Southern First Bancshares, Inc. |
| Website: |
www.southernfirst.com |
| Sector: |
Banking & Savings |
| Number of ETFs Holding SFST: |
19 (see which ones) |
| Total Market Value Held by ETFs: |
$24,036,176 |
| Total Market Capitalization: |
$277,000,000 |
| % of Market Cap. Held by ETFs: |
8.68% |
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Open the SFST Page at Preferred Stock Channel (in a new window) »
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