Southern First Bancshares, Inc. (NASDAQ:SFST) Director Sells $17,505.00 in Stock

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

Southern First Bancshares Trading Up 3.0%

Shares of SFST stock traded up $1.05 during mid-day trading on Friday, reaching $35.80. 11,695 shares of the stock traded hands, compared to its average volume of 18,364. The company has a market cap of $292.45 million, a price-to-earnings ratio of 18.65 and a beta of 0.77. 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 stock's fifty day simple moving average is $34.47 and its two-hundred day simple moving average is $36.40. Southern First Bancshares, Inc. has a 1-year low of $25.95 and a 1-year high of $45.91.

Southern First Bancshares (NASDAQ:SFST - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $26.50 million during the quarter, compared to analyst estimates of $26.56 million. On average, research analysts anticipate that Southern First Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Southern First Bancshares

Several large investors have recently modified their holdings of SFST. Rhino Investment Partners Inc grew its stake in shares of 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 worth $9,151,000 after purchasing an additional 222,640 shares during the last quarter. Koss Olinger Consulting LLC acquired a new position in Southern First Bancshares during the 4th quarter worth about $1,685,000. Nuveen LLC bought a new stake in shares of Southern First Bancshares in the 1st quarter valued at about $616,000. American Century Companies Inc. grew its position in shares of Southern First Bancshares by 18.1% in the 4th quarter. American Century Companies Inc. now owns 97,559 shares of the bank's stock valued at $3,878,000 after buying an additional 14,966 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Southern First Bancshares in the first quarter valued at about $448,000. Institutional investors own 75.00% of the company's stock.

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.