Julie Ann Fairchild Sells 1,000 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) CAO Julie Ann Fairchild sold 1,000 shares of the company’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 sale, the chief accounting officer now owns 5,840 shares of the company’s stock, valued at approximately $264,143.20. This trade represents a 14.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Southern First Bancshares Stock Down 1.7 %

SFST opened at $44.10 on Wednesday. Southern First Bancshares, Inc. has a twelve month low of $24.98 and a twelve month high of $45.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50 day moving average price of $37.92 and a 200 day moving average price of $32.89. The firm has a market cap of $359.86 million, a P/E ratio of 25.49 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 net margin of 6.67% and a return on equity of 4.42%. The business had revenue of $54.35 million during the quarter, compared to the consensus estimate of $23.57 million. During the same period in the prior year, the firm earned $0.51 EPS. Research analysts forecast that Southern First Bancshares, Inc. will post 1.39 EPS for the current year.

Institutional Investors Weigh In On Southern First Bancshares

Hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC lifted its position in shares of Southern First Bancshares by 181.4% during the 1st quarter. Gabelli Funds LLC now owns 25,443 shares of the bank’s stock worth $808,000 after purchasing an additional 16,400 shares during the last quarter. Vanguard Group Inc. increased its position in Southern First Bancshares by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 413,259 shares of the bank’s stock worth $13,125,000 after buying an additional 16,012 shares during the period. Foster Victor Wealth Advisors LLC increased its position in 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 buying an additional 1,614 shares during the period. Renaissance Technologies LLC boosted its position in shares of Southern First Bancshares by 9.2% in the second quarter. Renaissance Technologies LLC now owns 92,293 shares of the bank’s stock valued at $2,699,000 after acquiring an additional 7,786 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Southern First Bancshares by 4.9% in the third quarter. Empowered Funds LLC now owns 14,430 shares of the bank’s stock worth $492,000 after acquiring an additional 670 shares during the last quarter. 75.00% of the stock is currently owned by 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.