Southern First Bancshares, Inc. (NASDAQ:SFST - Get Free Report) Director Anna T. Locke bought 360 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average cost of $37.01 per share, for a total transaction of $13,323.60. Following the purchase, the director now owns 2,582 shares of the company's stock, valued at $95,559.82. This trade represents a 16.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Southern First Bancshares Price Performance
NASDAQ:SFST traded down $0.49 on Monday, reaching $35.68. The stock had a trading volume of 11,614 shares, compared to its average volume of 14,397. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $291.15 million, a P/E ratio of 18.58 and a beta of 0.83. Southern First Bancshares, Inc. has a 1-year low of $24.98 and a 1-year high of $45.90. The stock has a fifty day moving average price of $38.03 and a 200-day moving average price of $36.87.
Southern First Bancshares (NASDAQ:SFST - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The bank reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.29. Southern First Bancshares had a return on equity of 4.85% and a net margin of 7.28%. Research analysts forecast that Southern First Bancshares, Inc. will post 1.85 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its stake in shares of 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 during the last quarter. SG Americas Securities LLC acquired a new position in Southern First Bancshares in the third quarter valued at approximately $101,000. Princeton Capital Management LLC bought a new position in Southern First Bancshares in the third quarter valued at approximately $204,000. Colonial Trust Advisors grew its holdings in Southern First Bancshares by 18.1% during the 4th quarter. Colonial Trust Advisors now owns 5,725 shares of the bank's stock worth $228,000 after acquiring an additional 877 shares during the period. Finally, Deutsche Bank AG bought a new stake in shares of Southern First Bancshares during the 4th quarter valued at $286,000. Institutional investors own 75.00% of the company's stock.
About Southern First Bancshares
(
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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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