Southern First Bancshares, Inc. (NASDAQ:SFST) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,207 shares of the bank’s stock after purchasing an additional 3,154 shares during the period. Geode Capital Management LLC owned approximately 2.10% of Southern First Bancshares worth $5,835,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in Southern First Bancshares by 47.2% during the 3rd quarter. Barclays PLC now owns 25,303 shares of the bank’s stock valued at $862,000 after purchasing an additional 8,111 shares in the last quarter. State Street Corp grew its position in shares of Southern First Bancshares by 1.1% during the third quarter. State Street Corp now owns 156,538 shares of the bank’s stock worth $5,335,000 after buying an additional 1,645 shares in the last quarter. Fourthstone LLC bought a new stake in shares of Southern First Bancshares in the third quarter worth $1,155,000. De Lisle Partners LLP raised its holdings in Southern First Bancshares by 15.6% in the third quarter. De Lisle Partners LLP now owns 12,591 shares of the bank’s stock valued at $431,000 after acquiring an additional 1,700 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Southern First Bancshares by 37.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,066 shares of the bank’s stock valued at $70,000 after acquiring an additional 568 shares during the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.

Insider Activity at Southern First Bancshares

In other Southern First Bancshares news, CAO Julie Ann Fairchild sold 1,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $45.23, for a total value of $45,230.00. Following the transaction, the chief accounting officer now owns 5,840 shares of the company’s stock, valued at $264,143.20. This trade represents a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 7.62% of the company’s stock.

Southern First Bancshares Price Performance

SFST opened at $38.13 on Friday. The company has a market capitalization of $311.14 million, a P/E ratio of 22.04 and a beta of 0.85. The company has a 50-day moving average of $41.72 and a 200-day moving average of $35.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.09 and a current ratio of 1.09. Southern First Bancshares, Inc. has a 1-year low of $24.98 and a 1-year high of $45.90.

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 the consensus estimate of $0.38 by $0.16. Southern First Bancshares had a return on equity of 4.42% and a net margin of 6.67%. The firm had revenue of $54.35 million during the quarter, compared to analyst estimates of $23.57 million. During the same period in the previous year, the company earned $0.51 earnings per share. Equities analysts expect that Southern First Bancshares, Inc. will post 1.39 EPS for the current fiscal year.

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.