Southern First Bancshares, Inc. (NASDAQ:SFST) CAO Sells $45,230.00 in Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) CAO Julie Ann Fairchild sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $45.23, for a total value of $45,230.00. Following the sale, the chief accounting officer now owns 5,840 shares in the company, valued at approximately $264,143.20. The trade was a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Southern First Bancshares Stock Performance

Shares of NASDAQ:SFST opened at $44.50 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.09 and a current ratio of 1.09. Southern First Bancshares, Inc. has a one year low of $24.98 and a one year high of $45.90. The business’s 50-day simple moving average is $38.14 and its 200 day simple moving average is $32.97. The company has a market cap of $363.12 million, a P/E ratio of 25.72 and a beta of 0.79.

Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.16. Southern First Bancshares had a return on equity of 4.42% and a net margin of 6.67%. The company had revenue of $54.35 million for the quarter, compared to the consensus estimate of $23.57 million. During the same period in the previous year, the business earned $0.51 EPS. On average, sell-side analysts forecast that Southern First Bancshares, Inc. will post 1.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Southern First Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its holdings in Southern First Bancshares by 37.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,066 shares of the bank’s stock worth $70,000 after purchasing an additional 568 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Southern First Bancshares during the 3rd quarter worth approximately $101,000. Princeton Capital Management LLC purchased a new stake in Southern First Bancshares during the 3rd quarter worth approximately $204,000. Long Focus Capital Management LLC purchased a new stake in Southern First Bancshares during the 2nd quarter worth approximately $292,000. Finally, Foster Victor Wealth Advisors LLC increased its holdings in Southern First Bancshares by 19.3% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 9,983 shares of the bank’s stock worth $292,000 after purchasing an additional 1,614 shares during the last quarter. 75.00% of the stock is currently owned by hedge funds and other institutional investors.

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.