MetLife Investment Management LLC Sells 638 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST)

MetLife Investment Management LLC lowered its stake in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,454 shares of the bank’s stock after selling 638 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of Southern First Bancshares worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Gabelli Funds LLC increased its position in 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 buying an additional 300 shares in the last quarter. Sheets Smith Wealth Management increased its holdings in shares of Southern First Bancshares by 3.3% during the fourth quarter. Sheets Smith Wealth Management now owns 15,191 shares of the bank’s stock valued at $604,000 after acquiring an additional 490 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Southern First Bancshares by 4.7% during the fourth quarter. Empowered Funds LLC now owns 15,105 shares of the bank’s stock valued at $600,000 after acquiring an additional 675 shares in the last quarter. Rhumbline Advisers raised its position in shares of Southern First Bancshares by 7.0% during the fourth quarter. Rhumbline Advisers now owns 12,506 shares of the bank’s stock worth $497,000 after purchasing an additional 813 shares during the period. Finally, Colonial Trust Advisors lifted its holdings 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 worth $228,000 after purchasing an additional 877 shares in the last quarter. Institutional investors own 75.00% of the company’s stock.

Southern First Bancshares Stock Performance

Shares of SFST stock opened at $36.51 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $33.13 and a two-hundred day simple moving average of $37.00. Southern First Bancshares, Inc. has a 12 month low of $25.81 and a 12 month high of $45.91. The firm has a market capitalization of $298.23 million, a PE ratio of 19.01 and a beta of 0.77.

Southern First Bancshares (NASDAQ:SFST) last posted its earnings results on Tuesday, April 22nd. The bank reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The company had revenue of $26.50 million for the quarter, compared to analyst estimates of $26.56 million. Southern First Bancshares had a net margin of 7.28% and a return on equity of 4.85%. Analysts forecast that Southern First Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Southern First Bancshares 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.