Southern First Bancshares, Inc. (NASDAQ:SFST) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its position in Southern First Bancshares, Inc. (NASDAQ:SFST) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,510 shares of the bank’s stock after selling 5,845 shares during the quarter. Alliancebernstein L.P. owned 1.59% of Southern First Bancshares worth $5,148,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SFST. BNP Paribas Financial Markets raised its holdings 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 buying an additional 568 shares during the period. State Street Corp increased its stake in Southern First Bancshares by 1.1% during the third quarter. State Street Corp now owns 156,538 shares of the bank’s stock worth $5,335,000 after purchasing an additional 1,645 shares during the period. Barclays PLC increased its stake in Southern First Bancshares by 47.2% during the third quarter. Barclays PLC now owns 25,303 shares of the bank’s stock worth $862,000 after purchasing an additional 8,111 shares during the period. Geode Capital Management LLC lifted its position in shares of Southern First Bancshares by 1.9% during the third quarter. Geode Capital Management LLC now owns 171,207 shares of the bank’s stock worth $5,835,000 after purchasing an additional 3,154 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Southern First Bancshares by 136.9% in the third quarter. JPMorgan Chase & Co. now owns 14,518 shares of the bank’s stock valued at $495,000 after purchasing an additional 8,390 shares during the period. 75.00% of the stock is currently owned by institutional investors and hedge funds.

Southern First Bancshares Price Performance

Shares of SFST opened at $30.77 on Friday. The company has a market cap of $251.36 million, a P/E ratio of 16.03 and a beta of 0.73. Southern First Bancshares, Inc. has a fifty-two week low of $24.98 and a fifty-two week high of $45.91. 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 firm’s 50 day moving average price is $33.62 and its 200 day moving average price is $37.12.

Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings data on Thursday, January 30th. The bank reported $0.70 earnings per share for the quarter, topping 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, research analysts forecast that Southern First Bancshares, Inc. will post 1.85 earnings per share 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.