Russell Investments Group Ltd. Has $2.53 Million Stock Holdings in Southern First Bancshares, Inc. (NASDAQ:SFST)

Russell Investments Group Ltd. reduced its position in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,557 shares of the bank’s stock after selling 4,158 shares during the period. Russell Investments Group Ltd. owned approximately 0.78% of Southern First Bancshares worth $2,526,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Southern First Bancshares by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 421,300 shares of the bank’s stock worth $16,747,000 after buying an additional 1,249 shares in the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 3,154 shares in the last quarter. State Street Corp grew 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. American Century Companies Inc. lifted its stake in Southern First Bancshares by 18.1% in the 4th quarter. American Century Companies Inc. now owns 97,559 shares of the bank’s stock valued at $3,878,000 after purchasing an additional 14,966 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Southern First Bancshares by 21.4% in the fourth quarter. Wellington Management Group LLP now owns 65,440 shares of the bank’s stock valued at $2,601,000 after buying an additional 11,537 shares in the last quarter. 75.00% of the stock is currently owned by institutional investors.

Southern First Bancshares Stock Up 2.3 %

Shares of NASDAQ:SFST opened at $31.72 on Friday. Southern First Bancshares, Inc. has a 52-week low of $24.98 and a 52-week high of $45.91. The company has a market capitalization of $259.12 million, a PE ratio of 16.52 and a beta of 0.73. 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 company has a fifty day moving average of $33.17 and a 200-day moving average of $37.03.

Southern First Bancshares (NASDAQ:SFST) last issued its earnings results on Thursday, January 30th. The bank reported $0.70 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that Southern First Bancshares, Inc. will post 1.85 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.