David G. Ellison Buys 1,000 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) Stock

Southern First Bancshares, Inc. (NASDAQ:SFSTGet Rating) Director David G. Ellison purchased 1,000 shares of Southern First Bancshares stock in a transaction on Wednesday, September 21st. The stock was bought at an average cost of $43.20 per share, for a total transaction of $43,200.00. Following the transaction, the director now directly owns 41,668 shares in the company, valued at $1,800,057.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Southern First Bancshares Price Performance

SFST stock opened at $43.09 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $344.38 million, a P/E ratio of 8.42 and a beta of 0.88. The business’s 50-day moving average is $44.44 and its two-hundred day moving average is $46.06. Southern First Bancshares, Inc. has a 1 year low of $41.83 and a 1 year high of $65.59.

Southern First Bancshares (NASDAQ:SFSTGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The bank reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.18). Southern First Bancshares had a return on equity of 14.93% and a net margin of 36.78%. The firm had revenue of $27.15 million for the quarter. Analysts anticipate that Southern First Bancshares, Inc. will post 4.01 earnings per share for the current fiscal year.

Institutional Trading of Southern First Bancshares

Several hedge funds have recently modified their holdings of the business. Amalgamated Bank purchased a new position in Southern First Bancshares during the first quarter worth $51,000. BNP Paribas Arbitrage SA grew its position in shares of Southern First Bancshares by 80.4% in the second quarter. BNP Paribas Arbitrage SA now owns 1,862 shares of the bank’s stock valued at $81,000 after purchasing an additional 830 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Southern First Bancshares in the second quarter valued at $132,000. MetLife Investment Management LLC grew its position in Southern First Bancshares by 55.7% during the first quarter. MetLife Investment Management LLC now owns 3,316 shares of the bank’s stock valued at $169,000 after acquiring an additional 1,186 shares during the period. Finally, First Trust Advisors LP grew its position in Southern First Bancshares by 9.8% during the first quarter. First Trust Advisors LP now owns 4,032 shares of the bank’s stock valued at $205,000 after acquiring an additional 360 shares during the period. 79.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, DA Davidson lowered Southern First Bancshares to an “outperform” rating in a research report on Tuesday, August 9th.

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.

Further Reading

Insider Buying and Selling by Quarter for Southern First Bancshares (NASDAQ:SFST)

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