Southern First Bancshares, Inc. (NASDAQ:SFST) Director Anne S. Ellefson Sells 500 Shares

Southern First Bancshares, Inc. (NASDAQ:SFST) Director Anne S. Ellefson sold 500 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $35.01, for a total transaction of $17,505.00. Following the sale, the director now owns 6,697 shares in the company, valued at approximately $234,461.97. This trade represents a 6.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Southern First Bancshares Stock Performance

Shares of SFST stock opened at $35.80 on Friday. The company has a market cap of $292.45 million, a P/E ratio of 18.65 and a beta of 0.77. The business has a 50 day moving average of $34.47 and a two-hundred day moving average of $36.35. Southern First Bancshares, Inc. has a 52 week low of $25.95 and a 52 week high of $45.91. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.81.

Southern First Bancshares (NASDAQ:SFST) last released its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $26.50 million during the quarter, compared to analyst estimates of $26.56 million. Southern First Bancshares had a return on equity of 4.85% and a net margin of 7.28%. As a group, analysts anticipate that Southern First Bancshares, Inc. will post 1.85 EPS for the current year.

Hedge Funds Weigh In On Southern First Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in shares of Southern First Bancshares by 35.8% in the 4th quarter. SG Americas Securities LLC now owns 4,041 shares of the bank’s stock worth $161,000 after acquiring an additional 1,065 shares during the period. Colonial Trust Advisors lifted its position in Southern First Bancshares by 18.1% in the fourth quarter. Colonial Trust Advisors now owns 5,725 shares of the bank’s stock worth $228,000 after purchasing an additional 877 shares during the period. GAMMA Investing LLC boosted its stake in Southern First Bancshares by 9,638.9% during the first quarter. GAMMA Investing LLC now owns 7,012 shares of the bank’s stock valued at $213,000 after buying an additional 6,940 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Southern First Bancshares during the 4th quarter valued at about $286,000. Finally, Wells Fargo & Company MN boosted its holdings in Southern First Bancshares by 15.1% during the fourth quarter. Wells Fargo & Company MN now owns 7,506 shares of the bank’s stock worth $298,000 after buying an additional 986 shares in the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.

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.