Southern First Bancshares, Inc. (NASDAQ:SFST) Position Decreased by Banc Funds Co. LLC

Banc Funds Co. LLC lessened its holdings in Southern First Bancshares, Inc. (NASDAQ:SFST - Free Report) by 13.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 319,035 shares of the bank's stock after selling 51,208 shares during the period. Southern First Bancshares accounts for approximately 1.4% of Banc Funds Co. LLC's portfolio, making the stock its 23rd largest holding. Banc Funds Co. LLC owned approximately 3.91% of Southern First Bancshares worth $12,682,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Gabelli Funds LLC boosted its holdings in shares of Southern First Bancshares by 0.9% in the 4th quarter. Gabelli Funds LLC now owns 33,041 shares of the bank's stock valued at $1,313,000 after purchasing an additional 300 shares during the last quarter. Colonial Trust Advisors lifted its stake in shares of Southern First Bancshares by 18.1% in the 4th quarter. Colonial Trust Advisors now owns 5,725 shares of the bank's stock valued at $228,000 after purchasing an additional 877 shares in the last quarter. Wells Fargo & Company MN grew its stake 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 during the period. Wellington Management Group LLP boosted its position in Southern First Bancshares by 21.4% during the 4th quarter. Wellington Management Group LLP now owns 65,440 shares of the bank's stock worth $2,601,000 after purchasing an additional 11,537 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Southern First Bancshares by 84.4% in the fourth quarter. JPMorgan Chase & Co. now owns 26,769 shares of the bank's stock valued at $1,064,000 after buying an additional 12,251 shares in the last quarter. 75.00% of the stock is currently owned by institutional investors and hedge funds.

Southern First Bancshares Stock Up 2.3 %

NASDAQ SFST traded up $0.70 on Friday, reaching $31.72. The company had a trading volume of 10,295 shares, compared to its average volume of 18,225. The firm has a market capitalization of $259.12 million, a PE ratio of 16.52 and a beta of 0.73. The firm has a 50-day moving average of $33.07 and a 200-day moving average of $37.05. Southern First Bancshares, Inc. has a 1 year low of $24.98 and a 1 year high of $45.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.09 and a quick ratio of 1.09.

Southern First Bancshares (NASDAQ:SFST - Get Free Report) last issued its quarterly earnings data 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%. On average, equities research analysts anticipate that Southern First Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Southern First Bancshares Company 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.