Southern First Bancshares, Inc. (NASDAQ:SFST) Director Sells $17,505.00 in Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Anne S. Ellefson sold 500 shares of Southern First Bancshares stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $35.01, for a total value of $17,505.00. Following the sale, the director now owns 6,697 shares in the company, valued at $234,461.97. This represents a 6.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Southern First Bancshares Stock Performance

Southern First Bancshares stock opened at $35.80 on Friday. Southern First Bancshares, Inc. has a 52 week low of $25.95 and a 52 week high of $45.91. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.81. The stock has a market cap of $292.45 million, a P/E ratio of 18.65 and a beta of 0.77. The stock has a 50 day moving average of $34.47 and a 200-day moving average of $36.35.

Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $26.50 million for the quarter, compared to the consensus estimate of $26.56 million. Southern First Bancshares had a net margin of 7.28% and a return on equity of 4.85%. On average, analysts expect that Southern First Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Southern First Bancshares

Several large investors have recently modified their holdings of SFST. T. Rowe Price Investment Management Inc. increased its holdings in Southern First Bancshares by 0.7% in the first quarter. T. Rowe Price Investment Management Inc. now owns 802,974 shares of the bank’s stock valued at $26,434,000 after buying an additional 5,931 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Southern First Bancshares by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 421,300 shares of the bank’s stock worth $16,747,000 after acquiring an additional 1,249 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Southern First Bancshares by 3.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 350,875 shares of the bank’s stock valued at $13,947,000 after acquiring an additional 10,854 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Southern First Bancshares by 0.6% in the 4th quarter. Ameriprise Financial Inc. now owns 278,549 shares of the bank’s stock valued at $11,072,000 after acquiring an additional 1,610 shares during the last quarter. Finally, Rhino Investment Partners Inc raised its position in shares of Southern First Bancshares by 2,936.8% during the 4th quarter. Rhino Investment Partners Inc now owns 230,221 shares of the bank’s stock valued at $9,151,000 after acquiring an additional 222,640 shares in the last quarter. 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.