Southern First Bancshares, Inc. (NASDAQ:SFST) Shares Purchased by Rhino Investment Partners Inc

Rhino Investment Partners Inc raised its position in Southern First Bancshares, Inc. (NASDAQ:SFST - Free Report) by 2,936.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 230,221 shares of the bank's stock after buying an additional 222,640 shares during the period. Southern First Bancshares comprises about 2.0% of Rhino Investment Partners Inc's portfolio, making the stock its 20th largest holding. Rhino Investment Partners Inc owned approximately 2.82% of Southern First Bancshares worth $9,151,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Barclays PLC raised its position 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 valued at $862,000 after buying an additional 8,111 shares during the last quarter. Geode Capital Management LLC lifted its stake in Southern First Bancshares by 1.9% in the 3rd 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. JPMorgan Chase & Co. boosted its holdings in shares of Southern First Bancshares by 136.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,518 shares of the bank's stock worth $495,000 after purchasing an additional 8,390 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Southern First Bancshares by 43.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 44,643 shares of the bank's stock valued at $1,775,000 after purchasing an additional 13,503 shares in the last quarter. Finally, Sheets Smith Wealth Management increased its holdings in shares of Southern First Bancshares by 3.3% in the fourth quarter. Sheets Smith Wealth Management now owns 15,191 shares of the bank's stock valued at $604,000 after purchasing an additional 490 shares during the last quarter. 75.00% of the stock is currently owned by hedge funds and other institutional investors.

Southern First Bancshares Trading Up 3.9 %

Southern First Bancshares stock traded up $1.37 during trading on Friday, reaching $36.27. 10,923 shares of the company were exchanged, compared to its average volume of 18,174. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.09 and a quick ratio of 1.09. The stock's 50 day simple moving average is $32.95 and its two-hundred day simple moving average is $37.02. The company has a market capitalization of $296.29 million, a P/E ratio of 18.89 and a beta of 0.77. Southern First Bancshares, Inc. has a 52-week low of $25.81 and a 52-week high of $45.91.

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