Anne S. Ellefson Sells 500 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST) Stock

Southern First Bancshares, Inc. (NASDAQ:SFST - Get Free Report) Director Anne S. Ellefson sold 500 shares of Southern First Bancshares stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $35.01, for a total value of $17,505.00. Following the completion of the transaction, the director now owns 6,697 shares in the company, valued at $234,461.97. This represents a 6.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Southern First Bancshares Stock Up 3.0%

Shares of NASDAQ:SFST traded up $1.05 on Friday, reaching $35.80. The company had a trading volume of 11,695 shares, compared to its average volume of 18,392. Southern First Bancshares, Inc. has a 52-week low of $25.95 and a 52-week high of $45.91. The firm's 50 day simple moving average is $34.47 and its 200-day simple moving average is $36.31. The firm has a market capitalization of $292.45 million, a PE ratio of 18.65 and a beta of 0.77. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.81.

Southern First Bancshares (NASDAQ:SFST - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The bank reported $0.65 earnings per share 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 for the quarter, compared to the consensus estimate of $26.56 million. As a group, analysts expect that Southern First Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SFST. SG Americas Securities LLC grew its stake in Southern First Bancshares by 35.8% during the 4th quarter. SG Americas Securities LLC now owns 4,041 shares of the bank's stock worth $161,000 after buying an additional 1,065 shares during the last quarter. GAMMA Investing LLC lifted its position in Southern First Bancshares by 9,638.9% during the 1st quarter. GAMMA Investing LLC now owns 7,012 shares of the bank's stock worth $213,000 after acquiring an additional 6,940 shares during the period. Colonial Trust Advisors lifted its position in Southern First Bancshares by 18.1% during the 4th quarter. Colonial Trust Advisors now owns 5,725 shares of the bank's stock worth $228,000 after acquiring an additional 877 shares during the period. Wagner Wealth Management LLC lifted its position in Southern First Bancshares by 49.5% during the 1st quarter. Wagner Wealth Management LLC now owns 8,306 shares of the bank's stock worth $273,000 after acquiring an additional 2,750 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Southern First Bancshares by 44.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,535 shares of the bank's stock worth $281,000 after acquiring an additional 2,639 shares during the period. 75.00% of the stock is currently owned by hedge funds and other institutional investors.

About Southern First Bancshares

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.