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 Southern First Bancshares stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $45.23, for a total transaction of $45,230.00. Following the sale, the chief accounting officer now owns 5,840 shares of the company’s stock, valued at $264,143.20. The trade was a 14.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Southern First Bancshares Price Performance

Shares of SFST stock opened at $44.86 on Tuesday. The company has a market capitalization of $366.06 million, a P/E ratio of 25.44 and a beta of 0.79. The company’s 50-day simple moving average is $37.49 and its two-hundred day simple moving average is $32.66. Southern First Bancshares, Inc. has a one year low of $24.98 and a one year high of $45.90. 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 (NASDAQ:SFST) last announced 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. The company had revenue of $54.35 million for the quarter, compared to analysts’ expectations of $23.57 million. Southern First Bancshares had a return on equity of 4.42% and a net margin of 6.67%. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, equities analysts anticipate that Southern First Bancshares, Inc. will post 1.39 EPS for the current year.

Hedge Funds Weigh In On Southern First Bancshares

Several institutional investors have recently made changes to their positions in the company. Fourthstone LLC purchased a new stake in Southern First Bancshares in the third quarter worth about $1,155,000. Gabelli Funds LLC raised its holdings in shares of Southern First Bancshares by 181.4% in the 1st quarter. Gabelli Funds LLC now owns 25,443 shares of the bank’s stock valued at $808,000 after purchasing an additional 16,400 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Southern First Bancshares by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 413,259 shares of the bank’s stock valued at $13,125,000 after purchasing an additional 16,012 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Southern First Bancshares in the 1st quarter worth approximately $394,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Southern First Bancshares by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 323,001 shares of the bank’s stock valued at $9,444,000 after purchasing an additional 10,138 shares in the last quarter. Hedge funds and other institutional investors own 75.00% of the company’s stock.

Southern First Bancshares Company Profile

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.