State Street Corp Grows Stock Holdings in Southern First Bancshares, Inc. (NASDAQ:SFST)

State Street Corp lifted its position in Southern First Bancshares, Inc. (NASDAQ:SFST) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 156,538 shares of the bank’s stock after buying an additional 1,645 shares during the quarter. State Street Corp owned approximately 1.92% of Southern First Bancshares worth $5,335,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of Southern First Bancshares by 37.9% during the third quarter. BNP Paribas Financial Markets now owns 2,066 shares of the bank’s stock worth $70,000 after acquiring an additional 568 shares during the period. SG Americas Securities LLC purchased a new stake in Southern First Bancshares during the 3rd quarter worth about $101,000. Princeton Capital Management LLC acquired a new stake in Southern First Bancshares in the 3rd quarter valued at about $204,000. Long Focus Capital Management LLC purchased a new position in shares of Southern First Bancshares in the 2nd quarter valued at about $292,000. Finally, Foster Victor Wealth Advisors LLC grew its position in shares of Southern First Bancshares by 3.1% during the third quarter. Foster Victor Wealth Advisors LLC now owns 10,295 shares of the bank’s stock worth $351,000 after buying an additional 312 shares in the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.

Southern First Bancshares Stock Down 2.5 %

Shares of NASDAQ:SFST opened at $39.67 on Monday. Southern First Bancshares, Inc. has a fifty-two week low of $24.98 and a fifty-two week high of $45.90. The firm’s 50 day moving average price is $41.55 and its 200 day moving average price is $35.29. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.81. The stock has a market cap of $323.71 million, a price-to-earnings ratio of 22.93 and a beta of 0.83.

Southern First Bancshares (NASDAQ:SFST) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.16. The business had revenue of $54.35 million for the quarter, compared to analyst estimates of $23.57 million. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.42%. During the same period last year, the business earned $0.51 EPS. As a group, equities research analysts predict that Southern First Bancshares, Inc. will post 1.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Southern First Bancshares news, CAO Julie Ann Fairchild sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $264,143.20. This trade represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.62% of the stock is owned by company insiders.

About Southern First Bancshares

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.