Southern First Bancshares, Inc. (NASDAQ:SFST) Position Cut by Abacus Planning Group Inc.

Abacus Planning Group Inc. lowered its holdings in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,123 shares of the bank’s stock after selling 703 shares during the period. Abacus Planning Group Inc. owned approximately 0.38% of Southern First Bancshares worth $1,237,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SFST. SG Americas Securities LLC bought a new stake in shares of Southern First Bancshares during the third quarter valued at about $101,000. Assenagon Asset Management S.A. increased its stake in Southern First Bancshares by 10.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 31,140 shares of the bank’s stock valued at $1,061,000 after buying an additional 2,860 shares during the period. Empowered Funds LLC raised its position in shares of Southern First Bancshares by 4.9% during the 3rd quarter. Empowered Funds LLC now owns 14,430 shares of the bank’s stock worth $492,000 after buying an additional 670 shares in the last quarter. Princeton Capital Management LLC bought a new stake in shares of Southern First Bancshares during the 3rd quarter worth about $204,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Southern First Bancshares by 37.9% in the third quarter. BNP Paribas Financial Markets now owns 2,066 shares of the bank’s stock valued at $70,000 after acquiring an additional 568 shares in the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.

Southern First Bancshares Price Performance

Shares of NASDAQ:SFST opened at $35.29 on Thursday. The stock has a market cap of $287.97 million, a price-to-earnings ratio of 18.38 and a beta of 0.83. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.09 and a quick ratio of 1.09. Southern First Bancshares, Inc. has a 12 month low of $24.98 and a 12 month high of $45.90. The stock’s 50 day moving average price is $37.73 and its 200 day moving average price is $36.89.

Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.29. Southern First Bancshares had a return on equity of 4.85% and a net margin of 7.28%. Equities research analysts anticipate that Southern First Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Southern First Bancshares

In other Southern First Bancshares news, CAO Julie Ann Fairchild sold 1,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $45.23, for a total value of $45,230.00. Following the transaction, the chief accounting officer now owns 5,840 shares of the company’s stock, valued at approximately $264,143.20. This represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.62% of the stock is owned by corporate insiders.

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.