Trexquant Investment LP Lowers Stock Holdings in Southern First Bancshares, Inc. (NASDAQ:SFST)

Trexquant Investment LP lessened its holdings in Southern First Bancshares, Inc. (NASDAQ:SFST) by 25.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,540 shares of the bank’s stock after selling 3,597 shares during the period. Trexquant Investment LP’s holdings in Southern First Bancshares were worth $419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Southern First Bancshares by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 421,300 shares of the bank’s stock worth $16,747,000 after purchasing an additional 1,249 shares in the last quarter. Geode Capital Management LLC grew its holdings in Southern First Bancshares by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 171,207 shares of the bank’s stock valued at $5,835,000 after buying an additional 3,154 shares in the last quarter. State Street Corp grew its holdings in 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 buying an additional 1,645 shares in the last quarter. American Century Companies Inc. raised its position in shares of Southern First Bancshares by 18.1% during the fourth quarter. American Century Companies Inc. now owns 97,559 shares of the bank’s stock valued at $3,878,000 after buying an additional 14,966 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Southern First Bancshares by 21.4% during the fourth quarter. Wellington Management Group LLP now owns 65,440 shares of the bank’s stock worth $2,601,000 after acquiring an additional 11,537 shares during the last quarter. 75.00% of the stock is owned by institutional investors.

Southern First Bancshares Stock Performance

SFST opened at $30.77 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $251.36 million, a price-to-earnings ratio of 16.03 and a beta of 0.73. The company has a fifty day moving average of $33.62 and a 200 day moving average of $37.12. Southern First Bancshares, Inc. has a fifty-two week low of $24.98 and a fifty-two week high of $45.91.

Southern First Bancshares (NASDAQ:SFST) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.29. Southern First Bancshares had a return on equity of 4.85% and a net margin of 7.28%. As a group, sell-side analysts forecast that Southern First Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Southern First Bancshares Company 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.