Southern First Bancshares, Inc. (NASDAQ:SFST) Stock Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Southern First Bancshares, Inc. (NASDAQ:SFST) by 1.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 171,207 shares of the bank’s stock after buying an additional 3,154 shares during the quarter. Geode Capital Management LLC’s holdings in Southern First Bancshares were worth $5,835,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fourthstone LLC bought a new stake in shares of Southern First Bancshares during the third quarter valued at approximately $1,155,000. Dimensional Fund Advisors LP raised its stake in Southern First Bancshares by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 323,001 shares of the bank’s stock valued at $9,444,000 after acquiring an additional 10,138 shares in the last quarter. Long Focus Capital Management LLC acquired a new position in Southern First Bancshares during the 2nd quarter worth $292,000. Barclays PLC grew its stake in shares of Southern First Bancshares by 47.2% in 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 in the last quarter. Finally, Gabelli Funds LLC increased its holdings in shares of Southern First Bancshares by 31.5% during the second quarter. Gabelli Funds LLC now owns 33,468 shares of the bank’s stock valued at $979,000 after purchasing an additional 8,025 shares during the period. 75.00% of the stock is owned by institutional investors and hedge funds.

Southern First Bancshares Stock Performance

SFST stock opened at $38.13 on Friday. The company has a 50-day simple moving average of $41.72 and a 200 day simple moving average of $35.60. 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 company has a market capitalization of $311.14 million, a P/E ratio of 22.04 and a beta of 0.85. Southern First Bancshares, Inc. has a fifty-two week low of $24.98 and a fifty-two week high of $45.90.

Southern First Bancshares (NASDAQ:SFST) last announced its earnings results on Tuesday, October 22nd. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.16. The business had revenue of $54.35 million during the quarter, compared to analysts’ expectations of $23.57 million. Southern First Bancshares had a return on equity of 4.42% and a net margin of 6.67%. During the same quarter last year, the business posted $0.51 earnings per share. Sell-side analysts predict that Southern First Bancshares, Inc. will post 1.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CAO Julie Ann Fairchild sold 1,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $45.23, for a total transaction of $45,230.00. Following the sale, the chief accounting officer now directly owns 5,840 shares of the company’s stock, valued at $264,143.20. The trade was a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.62% of the stock is currently owned by insiders.

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.