Jane Street Group LLC Sells 678 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST)

Jane Street Group LLC lessened its stake in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) by 8.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,462 shares of the bank’s stock after selling 678 shares during the quarter. Jane Street Group LLC owned approximately 0.09% of Southern First Bancshares worth $254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its position 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 in the last quarter. State Street Corp lifted its holdings in shares of Southern First Bancshares by 1.1% during the 3rd quarter. State Street Corp now owns 156,538 shares of the bank’s stock valued at $5,335,000 after purchasing an additional 1,645 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Southern First Bancshares by 4.9% during the 3rd quarter. Empowered Funds LLC now owns 14,430 shares of the bank’s stock valued at $492,000 after purchasing an additional 670 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Southern First Bancshares by 9.2% during the 2nd quarter. Renaissance Technologies LLC now owns 92,293 shares of the bank’s stock valued at $2,699,000 after purchasing an additional 7,786 shares during the last quarter. Finally, Long Focus Capital Management LLC purchased a new stake in shares of Southern First Bancshares during the 2nd quarter valued at $292,000. Institutional investors own 75.00% of the company’s stock.

Southern First Bancshares Stock Performance

Shares of SFST opened at $33.64 on Friday. Southern First Bancshares, Inc. has a 12 month low of $24.98 and a 12 month high of $45.90. The stock has a fifty day moving average price of $41.47 and a 200-day moving average price of $35.98. 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 firm has a market cap of $274.50 million, a PE ratio of 19.45 and a beta of 0.85.

Southern First Bancshares (NASDAQ:SFST) last issued its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.54 EPS 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 quarter in the prior year, the business posted $0.51 EPS. Equities research analysts predict that Southern First Bancshares, Inc. will post 1.39 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.