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 stock was sold at an average price of $45.23, for a total value of $45,230.00. Following the completion of the sale, the chief accounting officer now directly 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 legal filing with the SEC, which can be accessed through this link.

Southern First Bancshares Stock Up 0.9 %

Shares of NASDAQ:SFST opened at $44.50 on Thursday. The stock’s 50-day moving average price is $38.14 and its two-hundred day moving average price is $32.97. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.81. Southern First Bancshares, Inc. has a 12-month low of $24.98 and a 12-month high of $45.90. The firm has a market cap of $363.12 million, a price-to-earnings ratio of 25.72 and a beta of 0.79.

Southern First Bancshares (NASDAQ:SFST) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $54.35 million for the quarter, compared to analyst estimates of $23.57 million. During the same period last year, the company earned $0.51 EPS. On average, research analysts forecast that Southern First Bancshares, Inc. will post 1.39 EPS for the current year.

Hedge Funds Weigh In On Southern First Bancshares

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in shares of Southern First Bancshares by 37.9% in 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 period. SG Americas Securities LLC purchased a new position in shares of Southern First Bancshares in the 3rd quarter worth about $101,000. Princeton Capital Management LLC purchased a new position in shares of Southern First Bancshares in the 3rd quarter worth about $204,000. Long Focus Capital Management LLC purchased a new position in shares of Southern First Bancshares in the 2nd quarter worth about $292,000. Finally, Foster Victor Wealth Advisors LLC raised its holdings in shares of Southern First Bancshares by 19.3% in 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 period. 75.00% of the stock is currently owned by hedge funds and other institutional investors.

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.