Gabelli Funds LLC boosted its holdings in Southern First Bancshares, Inc. (NASDAQ:SFST – Free Report) by 39.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,578 shares of the bank’s stock after buying an additional 17,228 shares during the quarter. Gabelli Funds LLC’s holdings in Southern First Bancshares were worth $3,121,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of SFST. Maltese Capital Management LLC acquired a new stake in Southern First Bancshares in the third quarter valued at about $1,125,000. Teton Advisors LLC acquired a new stake in Southern First Bancshares in the third quarter valued at about $794,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Southern First Bancshares during the third quarter valued at about $756,000. Two Sigma Investments LP acquired a new stake in shares of Southern First Bancshares during the third quarter valued at about $640,000. Finally, Vanguard Group Inc. boosted its stake in shares of Southern First Bancshares by 2.6% during the third quarter. Vanguard Group Inc. now owns 431,814 shares of the bank’s stock valued at $19,052,000 after purchasing an additional 10,741 shares in the last quarter. 75.00% of the stock is owned by institutional investors and hedge funds.
Southern First Bancshares Stock Performance
Shares of SFST stock opened at $57.07 on Friday. The business’s 50-day moving average price is $55.47 and its 200-day moving average price is $54.24. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $539.88 million, a price-to-earnings ratio of 13.33 and a beta of 0.68. Southern First Bancshares, Inc. has a 12 month low of $34.51 and a 12 month high of $62.00.
Analysts Set New Price Targets
SFST has been the topic of a number of recent research reports. Weiss Ratings raised Southern First Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Piper Sandler lifted their price target on Southern First Bancshares from $54.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen lowered Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.
Read Our Latest Stock Analysis on SFST
Insider Activity at Southern First Bancshares
In related news, insider Silvia T. King sold 2,625 shares of Southern First Bancshares stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $60.49, for a total value of $158,786.25. Following the transaction, the insider directly owned 3,963 shares of the company’s stock, valued at $239,721.87. The trade was a 39.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.90% of the stock is currently owned by corporate insiders.
Southern First Bancshares Profile
Southern First Bancshares is the bank holding company for Southern First Bank, a community-oriented financial institution headquartered in Greenville, South Carolina. Through its wholly owned subsidiary, the company delivers a full spectrum of commercial and consumer banking services designed to meet the needs of small and midsize businesses, professionals, and individual customers. Southern First Bancshares operates under a relationship-driven model, emphasizing personalized service and local decision–making.
The company’s core offerings include deposit products such as checking, savings, money market accounts and certificates of deposit, alongside an array of lending solutions covering commercial real estate, construction, equipment financing and small business administration (SBA) loans.
Featured Stories
- Five stocks we like better than Southern First Bancshares
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Want to see what other hedge funds are holding SFST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern First Bancshares, Inc. (NASDAQ:SFST – Free Report).
Receive News & Ratings for Southern First Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern First Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.
