Southern First Bancshares (NASDAQ:SFST) Stock Price Passes Below 200-Day Moving Average - What's Next?

Southern First Bancshares, Inc. (NASDAQ:SFST - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $37.01 and traded as low as $35.99. Southern First Bancshares shares last traded at $36.37, with a volume of 12,220 shares changing hands.

Southern First Bancshares Stock Down 1.6%

The business's fifty day moving average is $33.18 and its two-hundred day moving average is $36.97. The company has a market cap of $293.68 million, a P/E ratio of 18.72 and a beta of 0.77. 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 (NASDAQ:SFST - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The bank reported $0.65 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 for the quarter, compared to the consensus estimate of $26.56 million. Equities analysts predict that Southern First Bancshares, Inc. will post 1.85 EPS for the current year.

Institutional Trading of Southern First Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of SFST. Barclays PLC increased its holdings 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 valued at $862,000 after purchasing an additional 8,111 shares in the last quarter. JPMorgan Chase & Co. increased 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 valued at $495,000 after purchasing an additional 8,390 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Southern First Bancshares by 43.4% during the 4th 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. Sheets Smith Wealth Management increased its holdings in shares of Southern First Bancshares by 3.3% during the 4th 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. Finally, SG Americas Securities LLC increased 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 in the last quarter. 75.00% of the stock is currently owned by institutional investors and hedge funds.

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.