Southern First Bancshares, Inc. (NASDAQ:SFST) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Southern First Bancshares, Inc. (NASDAQ:SFST - Free Report) by 84.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,769 shares of the bank's stock after purchasing an additional 12,251 shares during the period. JPMorgan Chase & Co. owned about 0.33% of Southern First Bancshares worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SFST. State Street Corp increased its stake in shares of Southern First Bancshares by 1.1% in the 3rd quarter. State Street Corp now owns 156,538 shares of the bank's stock valued at $5,335,000 after purchasing an additional 1,645 shares in the last quarter. Barclays PLC raised its stake in shares of Southern First Bancshares by 47.2% during the 3rd quarter. Barclays PLC now owns 25,303 shares of the bank's stock worth $862,000 after buying an additional 8,111 shares during the period. Geode Capital Management LLC grew 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 valued at $5,835,000 after acquiring an additional 3,154 shares during the period. Assenagon Asset Management S.A. increased its holdings in Southern First Bancshares by 43.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 44,643 shares of the bank's stock worth $1,775,000 after acquiring an additional 13,503 shares in the last quarter. Finally, Sheets Smith Wealth Management lifted its holdings in Southern First Bancshares by 3.3% during 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 in the last quarter. 75.00% of the stock is owned by hedge funds and other institutional investors.

Southern First Bancshares Price Performance

Shares of SFST stock traded up $0.65 on Friday, reaching $35.55. 1,579 shares of the company were exchanged, compared to its average volume of 18,355. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.09 and a current ratio of 1.09. Southern First Bancshares, Inc. has a 1 year low of $25.60 and a 1 year high of $45.91. The company has a market cap of $290.37 million, a price-to-earnings ratio of 18.51 and a beta of 0.73. The business has a 50-day moving average price of $32.89 and a 200 day moving average price of $37.02.

Southern First Bancshares (NASDAQ:SFST - Get Free Report) last posted its quarterly 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. The firm had revenue of $26.50 million for the quarter, compared to the consensus estimate of $26.56 million. Southern First Bancshares had a net margin of 7.28% and a return on equity of 4.85%. Equities research analysts forecast that Southern First Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

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.