Wellington Management Group LLP reduced its position in shares of Southern First Bancshares, Inc. (NASDAQ:SFST – Free Report) by 39.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,903 shares of the bank’s stock after selling 35,033 shares during the quarter. Wellington Management Group LLP owned about 0.66% of Southern First Bancshares worth $1,837,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC increased its stake in shares of Southern First Bancshares by 4.9% during the third quarter. Empowered Funds LLC now owns 14,430 shares of the bank’s stock valued at $492,000 after buying an additional 670 shares during the period. Renaissance Technologies LLC increased its position in Southern First Bancshares by 9.2% during the 2nd quarter. Renaissance Technologies LLC now owns 92,293 shares of the bank’s stock valued at $2,699,000 after purchasing an additional 7,786 shares during the period. Long Focus Capital Management LLC purchased a new position in Southern First Bancshares during the 2nd quarter valued at about $292,000. Bank of New York Mellon Corp raised its holdings in shares of Southern First Bancshares by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,654 shares of the bank’s stock valued at $955,000 after purchasing an additional 2,945 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Southern First Bancshares by 2.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 28,280 shares of the bank’s stock worth $827,000 after purchasing an additional 805 shares during the period. 75.00% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Southern First Bancshares news, CAO Julie Ann Fairchild sold 1,000 shares of Southern First Bancshares stock in a transaction on Monday, November 25th. The shares were sold at an average price of $45.23, for a total value of $45,230.00. Following the transaction, the chief accounting officer now directly owns 5,840 shares of the company’s stock, valued at approximately $264,143.20. The trade was a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.62% of the stock is currently owned by corporate insiders.
Southern First Bancshares Stock Performance
Southern First Bancshares (NASDAQ:SFST – Get Free Report) last released 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. Southern First Bancshares had a return on equity of 4.42% and a net margin of 6.67%. The firm had revenue of $54.35 million during the quarter, compared to analyst estimates of $23.57 million. During the same period in the previous year, the company posted $0.51 EPS. On average, sell-side analysts anticipate that Southern First Bancshares, Inc. will post 1.39 EPS 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.
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