Julie Ann Fairchild Sells 1,000 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) Stock

Southern First Bancshares, Inc. (NASDAQ:SFST) CAO Julie Ann Fairchild sold 1,000 shares of the company’s stock in a transaction dated 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 directly owns 5,840 shares of the company’s stock, valued at $264,143.20. This represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Southern First Bancshares Trading Down 1.7 %

Shares of NASDAQ SFST opened at $44.10 on Wednesday. The firm has a market capitalization of $359.86 million, a PE ratio of 25.49 and a beta of 0.79. Southern First Bancshares, Inc. has a one year low of $24.98 and a one year high of $45.90. 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 business has a 50-day moving average price of $37.92 and a two-hundred day moving average price of $32.89.

Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.54 EPS for the quarter, topping the consensus estimate of $0.38 by $0.16. The business had revenue of $54.35 million during the quarter, compared to analysts’ expectations 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 company posted $0.51 earnings per share. As a group, analysts predict that Southern First Bancshares, Inc. will post 1.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Southern First Bancshares

Several institutional investors and hedge funds have recently modified their holdings of SFST. Fourthstone LLC purchased a new stake in shares of Southern First Bancshares during the third quarter worth $1,155,000. Gabelli Funds LLC lifted its holdings in shares of Southern First Bancshares by 181.4% during the 1st quarter. Gabelli Funds LLC now owns 25,443 shares of the bank’s stock valued at $808,000 after buying an additional 16,400 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Southern First Bancshares by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 413,259 shares of the bank’s stock valued at $13,125,000 after buying an additional 16,012 shares in the last quarter. Quadrature Capital Ltd bought a new position in Southern First Bancshares during the first quarter valued at approximately $394,000. Finally, Dimensional Fund Advisors LP lifted its stake in Southern First Bancshares by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 323,001 shares of the bank’s stock valued at $9,444,000 after acquiring an additional 10,138 shares during the last quarter. 75.00% of the stock is currently owned by hedge funds and other institutional investors.

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.