Sheets Smith Wealth Management Sells 550 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST)

Sheets Smith Wealth Management lessened its stake in Southern First Bancshares, Inc. (NASDAQ:SFST) by 3.6% in the 4th quarter, HoldingsChannel reports. The fund owned 14,701 shares of the bank’s stock after selling 550 shares during the quarter. Sheets Smith Wealth Management’s holdings in Southern First Bancshares were worth $545,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SFST. SG Americas Securities LLC bought a new position in Southern First Bancshares in the 4th quarter worth approximately $157,000. ELCO Management Co. LLC bought a new stake in shares of Southern First Bancshares during the third quarter worth approximately $207,000. Wagner Wealth Management LLC bought a new stake in shares of Southern First Bancshares in the 4th quarter valued at about $209,000. Strs Ohio grew its holdings in Southern First Bancshares by 4.9% during the third quarter. Strs Ohio now owns 19,100 shares of the bank’s stock valued at $514,000 after purchasing an additional 900 shares during the period. Finally, Barclays PLC raised its holdings in Southern First Bancshares by 2.7% in the third quarter. Barclays PLC now owns 19,140 shares of the bank’s stock worth $516,000 after purchasing an additional 496 shares during the period. 75.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Southern First Bancshares from a “sell” rating to a “hold” rating in a research report on Friday.

Insider Transactions at Southern First Bancshares

In other news, CEO R Arthur Seaver, Jr. sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $31.13, for a total value of $77,825.00. Following the completion of the sale, the chief executive officer now owns 90,970 shares of the company’s stock, valued at approximately $2,831,896.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO R Arthur Seaver, Jr. sold 2,500 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $31.13, for a total value of $77,825.00. Following the completion of the sale, the chief executive officer now directly owns 90,970 shares in the company, valued at approximately $2,831,896.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO R Arthur Seaver, Jr. sold 996 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $31.25, for a total transaction of $31,125.00. Following the transaction, the chief executive officer now owns 83,470 shares in the company, valued at approximately $2,608,437.50. The disclosure for this sale can be found here. Insiders sold 4,113 shares of company stock valued at $126,277 in the last ninety days. 7.62% of the stock is currently owned by corporate insiders.

Southern First Bancshares Stock Up 0.3 %

Shares of SFST traded up $0.08 during midday trading on Monday, hitting $26.53. The stock had a trading volume of 5,027 shares, compared to its average volume of 21,492. The firm has a market cap of $216.48 million, a price-to-earnings ratio of 16.13 and a beta of 0.82. The company has a 50 day simple moving average of $29.69 and a two-hundred day simple moving average of $31.77. Southern First Bancshares, Inc. has a twelve month low of $21.65 and a twelve month high of $39.36. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 1.09.

About Southern First Bancshares

Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides commercial, consumer, and mortgage loans to the general public in South Carolina, North Carolina, and Georgia. The company accepts various deposit products that include checking accounts, commercial checking accounts, and savings accounts, as well as other time deposits, including daily money market accounts and long-term certificates of deposit.