Princeton Capital Management LLC Invests $204,000 in Southern First Bancshares, Inc. (NASDAQ:SFST)

Princeton Capital Management LLC bought a new stake in Southern First Bancshares, Inc. (NASDAQ:SFST) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,000 shares of the bank’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Southern First Bancshares by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 413,259 shares of the bank’s stock worth $13,125,000 after purchasing an additional 16,012 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Southern First Bancshares by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 323,001 shares of the bank’s stock worth $9,444,000 after buying an additional 10,138 shares during the last quarter. Renaissance Technologies LLC raised its position in Southern First Bancshares by 9.2% during the second quarter. Renaissance Technologies LLC now owns 92,293 shares of the bank’s stock worth $2,699,000 after acquiring an additional 7,786 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Southern First Bancshares by 36.4% in the first quarter. Acadian Asset Management LLC now owns 54,457 shares of the bank’s stock valued at $1,728,000 after acquiring an additional 14,545 shares during the last quarter. Finally, Gabelli Funds LLC grew its position in shares of Southern First Bancshares by 31.5% in the 2nd quarter. Gabelli Funds LLC now owns 33,468 shares of the bank’s stock valued at $979,000 after acquiring an additional 8,025 shares during the period. Institutional investors own 75.00% of the company’s stock.

Southern First Bancshares Stock Up 0.3 %

Southern First Bancshares stock opened at $43.21 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50-day moving average is $36.32 and its 200-day moving average is $32.08. The firm has a market capitalization of $352.59 million, a PE ratio of 24.98 and a beta of 0.79. Southern First Bancshares, Inc. has a fifty-two week low of $24.98 and a fifty-two week high of $44.92.

Southern First Bancshares (NASDAQ:SFST) last announced its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.16. The firm had revenue of $54.35 million for the quarter, compared to the consensus estimate 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 previous year, the business earned $0.51 earnings per share. Sell-side analysts anticipate that Southern First Bancshares, Inc. will post 1.39 earnings per share for the current year.

Insider Activity at Southern First Bancshares

In other Southern First Bancshares news, Director Leighton M. Cubbage sold 1,744 shares of Southern First Bancshares stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $31.18, for a total transaction of $54,377.92. Following the completion of the transaction, the director now directly owns 58,818 shares of the company’s stock, valued at $1,833,945.24. The trade was a 2.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 5,549 shares of company stock worth $178,118. Company insiders own 7.62% 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.