Southern First Bancshares, Inc. (NASDAQ:SFST) Shares Bought by State Street Corp

State Street Corp grew its stake in Southern First Bancshares, Inc. (NASDAQ:SFST) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,538 shares of the bank’s stock after purchasing an additional 1,645 shares during the period. State Street Corp’s holdings in Southern First Bancshares were worth $5,335,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Southern First Bancshares by 37.9% in the third quarter. BNP Paribas Financial Markets now owns 2,066 shares of the bank’s stock valued at $70,000 after purchasing an additional 568 shares during the period. Empowered Funds LLC lifted its holdings in shares of Southern First Bancshares by 4.9% in the 3rd 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 boosted its stake in shares of Southern First Bancshares by 9.2% in the second quarter. Renaissance Technologies LLC now owns 92,293 shares of the bank’s stock valued at $2,699,000 after buying an additional 7,786 shares in the last quarter. Long Focus Capital Management LLC purchased a new stake in shares of Southern First Bancshares in the second quarter valued at approximately $292,000. Finally, Bank of New York Mellon Corp grew its holdings in Southern First Bancshares by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 32,654 shares of the bank’s stock worth $955,000 after acquiring an additional 2,945 shares during the period. Hedge funds and other institutional investors own 75.00% of the company’s stock.

Insider Buying and Selling

In other Southern First Bancshares news, CAO Julie Ann Fairchild sold 1,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $45.23, for a total transaction of $45,230.00. Following the sale, the chief accounting officer now directly owns 5,840 shares in the company, 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 this link. Insiders own 7.62% of the company’s stock.

Southern First Bancshares Price Performance

Southern First Bancshares stock opened at $39.67 on Monday. The company has a market cap of $323.71 million, a P/E ratio of 22.93 and a beta of 0.83. Southern First Bancshares, Inc. has a one year low of $24.98 and a one year high of $45.90. The business has a fifty day moving average of $41.55 and a two-hundred day moving average of $35.29. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.09 and a current ratio of 1.09.

Southern First Bancshares (NASDAQ:SFST) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.16. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.42%. The company had revenue of $54.35 million for the quarter, compared to analyst estimates of $23.57 million. During the same period in the prior year, the business posted $0.51 earnings per share. As a group, analysts predict that Southern First Bancshares, Inc. will post 1.39 earnings per share 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.