Southern First Bancshares, Inc. (NASDAQ:SFST) Director David G. Ellison Purchases 250 Shares

Southern First Bancshares, Inc. (NASDAQ:SFSTGet Rating) Director David G. Ellison purchased 250 shares of the stock in a transaction on Monday, May 9th. The stock was acquired at an average cost of $44.57 per share, for a total transaction of $11,142.50. Following the acquisition, the director now owns 40,668 shares in the company, valued at $1,812,572.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Shares of NASDAQ SFST traded down $1.09 during trading hours on Wednesday, reaching $43.97. 15,857 shares of the stock traded hands, compared to its average volume of 19,240. The company has a market capitalization of $350.79 million, a P/E ratio of 7.53 and a beta of 0.94. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. Southern First Bancshares, Inc. has a 52-week low of $43.33 and a 52-week high of $65.59. The company’s 50-day simple moving average is $50.19 and its two-hundred day simple moving average is $56.55.

Several analysts have weighed in on the company. Zacks Investment Research cut Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Friday, April 1st. StockNews.com started coverage on Southern First Bancshares in a report on Thursday, March 31st. They set a “hold” rating on the stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Denali Advisors LLC purchased a new position in shares of Southern First Bancshares during the 4th quarter valued at about $31,000. SouthState Corp purchased a new position in Southern First Bancshares in the 3rd quarter worth approximately $43,000. Citigroup Inc. increased its stake in Southern First Bancshares by 77.3% in the 3rd quarter. Citigroup Inc. now owns 851 shares of the bank’s stock worth $46,000 after purchasing an additional 371 shares during the period. BNP Paribas Arbitrage SA increased its stake in Southern First Bancshares by 389.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,692 shares of the bank’s stock worth $91,000 after purchasing an additional 1,346 shares during the period. Finally, LPL Financial LLC purchased a new position in Southern First Bancshares in the 4th quarter worth approximately $216,000. 83.90% of the stock is currently owned by institutional investors.

About Southern First Bancshares (Get Rating)

Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It operates through three segments: Commercial and Retail Banking, Mortgage Banking, and Corporate Operations.

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