Bank of America Corp DE Has $362,000 Holdings in Southern First Bancshares, Inc. (NASDAQ:SFST)

Bank of America Corp DE raised its holdings in Southern First Bancshares, Inc. (NASDAQ:SFST) by 36.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,114 shares of the bank’s stock after acquiring an additional 2,455 shares during the period. Bank of America Corp DE owned about 0.11% of Southern First Bancshares worth $362,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SFST. Rhino Investment Partners Inc grew its position in Southern First Bancshares by 2,936.8% in the fourth quarter. Rhino Investment Partners Inc now owns 230,221 shares of the bank’s stock valued at $9,151,000 after acquiring an additional 222,640 shares during the last quarter. Koss Olinger Consulting LLC bought a new position in Southern First Bancshares in the fourth quarter valued at about $1,685,000. American Century Companies Inc. grew its holdings in shares of Southern First Bancshares by 18.1% during the fourth quarter. American Century Companies Inc. now owns 97,559 shares of the bank’s stock worth $3,878,000 after purchasing an additional 14,966 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Southern First Bancshares by 84.4% during the fourth quarter. JPMorgan Chase & Co. now owns 26,769 shares of the bank’s stock worth $1,064,000 after purchasing an additional 12,251 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Southern First Bancshares by 21.4% during the fourth 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 last quarter. Institutional investors own 75.00% of the company’s stock.

Southern First Bancshares Stock Performance

NASDAQ:SFST opened at $36.87 on Friday. The stock’s 50-day moving average is $34.86 and its 200-day moving average is $36.20. 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 stock has a market cap of $301.19 million, a P/E ratio of 19.20 and a beta of 0.77. Southern First Bancshares, Inc. has a 1-year low of $26.27 and a 1-year high of $45.91.

Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.65 EPS 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 return on equity of 4.85% and a net margin of 7.28%. Equities research analysts anticipate that Southern First Bancshares, Inc. will post 1.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upgraded Southern First Bancshares to a “strong-buy” rating and set a $43.00 price target on the stock in a report on Tuesday.

Insider Buying and Selling

In related news, Director William Iv Maner acquired 700 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average cost of $36.15 per share, with a total value of $25,305.00. Following the completion of the purchase, the director now directly owns 2,700 shares in the company, valued at $97,605. The trade was a 35.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 7.06% of the stock is owned by insiders.

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.