Koss Olinger Consulting LLC Invests $1.69 Million in Southern First Bancshares, Inc. (NASDAQ:SFST)

Koss Olinger Consulting LLC acquired a new stake in Southern First Bancshares, Inc. (NASDAQ:SFST - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 42,397 shares of the bank's stock, valued at approximately $1,685,000. Koss Olinger Consulting LLC owned about 0.52% of Southern First Bancshares at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sheets Smith Wealth Management increased its stake in shares of Southern First Bancshares by 3.3% during the fourth quarter. Sheets Smith Wealth Management now owns 15,191 shares of the bank's stock worth $604,000 after acquiring an additional 490 shares during the period. BNP Paribas Financial Markets boosted its holdings in Southern First Bancshares by 37.9% in the 3rd 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 in the last quarter. Empowered Funds LLC boosted its holdings in 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 purchasing an additional 670 shares in the last quarter. Rhumbline Advisers increased its position in Southern First Bancshares by 7.0% during the 4th quarter. Rhumbline Advisers now owns 12,506 shares of the bank's stock worth $497,000 after purchasing an additional 813 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Southern First Bancshares by 35.8% during the 4th quarter. SG Americas Securities LLC now owns 4,041 shares of the bank's stock worth $161,000 after buying an additional 1,065 shares in the last quarter. 75.00% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Southern First Bancshares Price Performance

Shares of Southern First Bancshares stock traded down $0.44 during trading on Friday, reaching $33.23. The company's stock had a trading volume of 38,152 shares, compared to its average volume of 16,950. The business has a 50 day moving average price of $35.13 and a 200-day moving average price of $37.19. Southern First Bancshares, Inc. has a 12-month low of $24.98 and a 12-month high of $45.91. The company has a market capitalization of $271.72 million, a P/E ratio of 17.31 and a beta of 0.87. 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 - Get Free Report) last issued its earnings results on Thursday, January 30th. The bank reported $0.70 EPS for the quarter, topping the consensus estimate of $0.41 by $0.29. Southern First Bancshares had a net margin of 7.28% and a return on equity of 4.85%. As a group, sell-side analysts anticipate that Southern First Bancshares, Inc. will post 1.85 EPS for the current year.

Southern First Bancshares 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.