Acadian Asset Management LLC cut its stake in Southern First Bancshares, Inc. (NASDAQ:SFST – Get Rating) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,795 shares of the bank's stock after selling 1,093 shares during the period. Acadian Asset Management LLC owned 0.47% of Southern First Bancshares worth $1,920,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Gamco Investors INC. ET AL lifted its holdings in Southern First Bancshares by 1.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 27,205 shares of the bank's stock worth $1,700,000 after buying an additional 305 shares during the period. First Trust Advisors LP purchased a new position in shares of Southern First Bancshares during the fourth quarter valued at approximately $229,000. Teton Advisors Inc. lifted its holdings in shares of Southern First Bancshares by 1.5% during the fourth quarter. Teton Advisors Inc. now owns 66,010 shares of the bank's stock valued at $4,125,000 after purchasing an additional 1,000 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Southern First Bancshares by 33.3% during the fourth quarter. American Century Companies Inc. now owns 23,541 shares of the bank's stock valued at $1,471,000 after purchasing an additional 5,887 shares during the last quarter. Finally, Summit Global Investments purchased a new position in shares of Southern First Bancshares during the first quarter valued at approximately $254,000. 79.38% of the stock is currently owned by hedge funds and other institutional investors.
Get Southern First Bancshares alerts:Southern First Bancshares Price Performance
SFST stock opened at $42.90 on Tuesday. The firm has a 50 day moving average price of $44.68 and a 200-day moving average price of $47.50. Southern First Bancshares, Inc. has a 52-week low of $41.83 and a 52-week high of $65.59. The firm has a market capitalization of $342.86 million, a price-to-earnings ratio of 8.38 and a beta of 0.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.05.
Southern First Bancshares (NASDAQ:SFST – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The bank reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.18). The firm had revenue of $27.15 million for the quarter. Southern First Bancshares had a net margin of 36.78% and a return on equity of 14.93%. Equities research analysts forecast that Southern First Bancshares, Inc. will post 4.01 EPS for the current fiscal year.Insider Activity at Southern First Bancshares
In other news, Director Terry Grayson-Caprio purchased 1,000 shares of Southern First Bancshares stock in a transaction that occurred on Monday, August 1st. The stock was bought at an average price of $43.74 per share, with a total value of $43,740.00. Following the completion of the transaction, the director now directly owns 2,240 shares of the company's stock, valued at $97,977.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 7.34% of the stock is owned by insiders.
Analyst Ratings Changes
Separately, DA Davidson lowered shares of Southern First Bancshares to an "outperform" rating in a report on Tuesday, August 9th.
About Southern First Bancshares
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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 operates through three segments: Commercial and Retail Banking, Mortgage Banking, and Corporate Operations.
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