JPMorgan Chase & Co. Acquires 8,390 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST)

JPMorgan Chase & Co. grew its holdings in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) by 136.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,518 shares of the bank’s stock after purchasing an additional 8,390 shares during the quarter. JPMorgan Chase & Co. owned about 0.18% of Southern First Bancshares worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of SFST. Barclays PLC lifted its position in shares of Southern First Bancshares by 47.2% in the third quarter. Barclays PLC now owns 25,303 shares of the bank’s stock worth $862,000 after buying an additional 8,111 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Southern First Bancshares by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 171,207 shares of the bank’s stock valued at $5,835,000 after acquiring an additional 3,154 shares in the last quarter. State Street Corp lifted its holdings in Southern First Bancshares by 1.1% in the 3rd quarter. State Street Corp now owns 156,538 shares of the bank’s stock worth $5,335,000 after purchasing an additional 1,645 shares during the last quarter. Fourthstone LLC bought a new stake in Southern First Bancshares during the third quarter worth approximately $1,155,000. Finally, De Lisle Partners LLP boosted its position in Southern First Bancshares by 15.6% during the third quarter. De Lisle Partners LLP now owns 12,591 shares of the bank’s stock worth $431,000 after purchasing an additional 1,700 shares during the period. 75.00% of the stock is currently owned by institutional investors.

Insider Transactions at Southern First Bancshares

In related news, CAO Julie Ann Fairchild sold 1,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 5,840 shares in the company, valued at $264,143.20. This represents a 14.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.62% of the stock is currently owned by corporate insiders.

Southern First Bancshares Trading Up 2.1 %

NASDAQ:SFST opened at $37.78 on Wednesday. The company’s 50 day moving average is $40.06 and its 200-day moving average is $36.70. The company has a quick ratio of 1.09, a current 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 $308.28 million, a price-to-earnings ratio of 21.84 and a beta of 0.85.

Southern First Bancshares (NASDAQ:SFST) last announced its earnings results on Thursday, January 30th. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.41 by $0.29. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.42%. Equities analysts anticipate that Southern First Bancshares, Inc. will post 1.39 EPS for the current year.

Southern First Bancshares 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.