Deutsche Bank AG Takes $286,000 Position in Southern First Bancshares, Inc. (NASDAQ:SFST)

Deutsche Bank AG purchased a new position in shares of Southern First Bancshares, Inc. (NASDAQ:SFST - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,194 shares of the bank's stock, valued at approximately $286,000. Deutsche Bank AG owned 0.09% of Southern First Bancshares as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in SFST. SG Americas Securities LLC grew its holdings in shares of Southern First Bancshares by 35.8% during the 4th quarter. SG Americas Securities LLC now owns 4,041 shares of the bank's stock valued at $161,000 after purchasing an additional 1,065 shares during the last quarter. Colonial Trust Advisors boosted its holdings in Southern First Bancshares by 18.1% in the fourth quarter. Colonial Trust Advisors now owns 5,725 shares of the bank's stock worth $228,000 after acquiring an additional 877 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Southern First Bancshares by 15.1% in the fourth quarter. Wells Fargo & Company MN now owns 7,506 shares of the bank's stock worth $298,000 after acquiring an additional 986 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Southern First Bancshares by 36.9% in the fourth quarter. Bank of America Corp DE now owns 9,114 shares of the bank's stock worth $362,000 after purchasing an additional 2,455 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Southern First Bancshares by 7.0% in 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 last quarter. Institutional investors own 75.00% of the company's stock.

Insider Buying and Selling

In other Southern First Bancshares news, Director William Iv Maner acquired 700 shares of the stock in a transaction dated Wednesday, May 14th. The stock was purchased at an average price of $36.15 per share, with a total value of $25,305.00. Following the transaction, the director now directly owns 2,700 shares of the company's stock, valued at $97,605. This trade represents a 35.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.06% of the stock is owned by corporate insiders.

Southern First Bancshares Stock Performance

SFST stock traded down $0.49 during trading on Thursday, reaching $34.75. The stock had a trading volume of 12,804 shares, compared to its average volume of 18,391. 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's 50 day moving average is $34.42 and its two-hundred day moving average is $36.45. The firm has a market cap of $283.87 million, a PE ratio of 18.10 and a beta of 0.77. Southern First Bancshares, Inc. has a 52 week low of $25.95 and a 52 week high of $45.91.

Southern First Bancshares (NASDAQ:SFST - Get Free Report) last released its earnings results on Tuesday, April 22nd. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. Southern First Bancshares had a return on equity of 4.85% and a net margin of 7.28%. The firm had revenue of $26.50 million during the quarter, compared to analysts' expectations of $26.56 million. As a group, equities analysts anticipate that Southern First Bancshares, Inc. will post 1.85 earnings per share for the current 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.