Bowling Portfolio Management LLC bought a new position in Southern First Bancshares, Inc. (NASDAQ:SFST) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,771 shares of the bank’s stock, valued at approximately $840,000. Bowling Portfolio Management LLC owned approximately 0.26% of Southern First Bancshares at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. boosted its stake in Southern First Bancshares by 4.9% in the second quarter. BlackRock Inc. now owns 398,092 shares of the bank’s stock worth $15,589,000 after buying an additional 18,521 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Southern First Bancshares by 87.5% in the third quarter. Wedge Capital Management L L P NC now owns 139,822 shares of the bank’s stock worth $5,572,000 after buying an additional 65,235 shares in the last quarter. State Street Corp boosted its stake in Southern First Bancshares by 9.5% in the third quarter. State Street Corp now owns 116,847 shares of the bank’s stock worth $4,656,000 after buying an additional 10,177 shares in the last quarter. Comerica Bank boosted its stake in Southern First Bancshares by 153.3% in the third quarter. Comerica Bank now owns 36,156 shares of the bank’s stock worth $1,493,000 after buying an additional 21,882 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Southern First Bancshares by 7.4% in the second quarter. Bank of America Corp DE now owns 28,999 shares of the bank’s stock worth $1,136,000 after buying an additional 1,996 shares in the last quarter. 74.29% of the stock is owned by institutional investors and hedge funds.
SFST has been the subject of a number of analyst reports. ValuEngine lowered Southern First Bancshares from a “sell” rating to a “strong sell” rating in a research note on Thursday. BidaskClub lowered Southern First Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, January 7th. Finally, Zacks Investment Research lowered Southern First Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 9th.
In other news, CEO R Arthur Seaver, Jr. sold 7,871 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $40.53, for a total transaction of $319,011.63. Following the completion of the sale, the chief executive officer now owns 82,262 shares of the company’s stock, valued at $3,334,078.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President F Justin Strickland sold 7,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $42.63, for a total value of $306,936.00. Following the sale, the president now directly owns 75,156 shares of the company’s stock, valued at approximately $3,203,900.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,140 shares of company stock valued at $1,125,199. Insiders own 10.51% of the company’s stock.
NASDAQ:SFST opened at $41.81 on Friday. The firm has a market cap of $323.18 million, a PE ratio of 12.26 and a beta of 0.96. Southern First Bancshares, Inc. has a fifty-two week low of $31.51 and a fifty-two week high of $44.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.03 and a current ratio of 1.05. The business has a 50 day moving average price of $42.77 and a 200-day moving average price of $40.46.
Southern First Bancshares (NASDAQ:SFST) last released its quarterly earnings data on Friday, November 1st. The bank reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. The firm had revenue of $21.68 million during the quarter, compared to analyst estimates of $20.89 million. Southern First Bancshares had a return on equity of 14.23% and a net margin of 25.48%.
Southern First Bancshares Company Profile
Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It accepts various deposit products that include checking accounts, commercial checking accounts, savings accounts, and other time deposits, including daily money market accounts and long-term certificates of deposit.
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