Sheets Smith Wealth Management Has $604,000 Position in Southern First Bancshares, Inc. (NASDAQ:SFST)

Sheets Smith Wealth Management raised its holdings in Southern First Bancshares, Inc. (NASDAQ:SFST) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,191 shares of the bank’s stock after acquiring an additional 490 shares during the quarter. Sheets Smith Wealth Management owned about 0.19% of Southern First Bancshares worth $604,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SFST. Fourthstone LLC bought a new stake in shares of Southern First Bancshares during the 3rd quarter worth about $1,155,000. Assenagon Asset Management S.A. boosted its position in Southern First Bancshares by 43.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 44,643 shares of the bank’s stock worth $1,775,000 after purchasing an additional 13,503 shares during the period. Dimensional Fund Advisors LP grew its holdings in Southern First Bancshares by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 323,001 shares of the bank’s stock valued at $9,444,000 after purchasing an additional 10,138 shares during the last quarter. Long Focus Capital Management LLC bought a new position in shares of Southern First Bancshares in the second quarter valued at approximately $292,000. Finally, JPMorgan Chase & Co. raised its position in shares of Southern First Bancshares by 136.9% in the third 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 during the period. 75.00% of the stock is owned by institutional investors.

Southern First Bancshares Price Performance

NASDAQ SFST opened at $36.24 on Thursday. Southern First Bancshares, Inc. has a 1 year low of $24.98 and a 1 year high of $45.90. The company has a fifty day simple moving average of $40.67 and a 200 day simple moving average of $36.42. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.81. The company has a market cap of $295.72 million, a P/E ratio of 20.95 and a beta of 0.85.

Southern First Bancshares (NASDAQ:SFST) last released its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.16. The company had revenue of $54.35 million during the quarter, compared to analysts’ expectations of $23.57 million. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.42%. During the same period in the prior year, the company earned $0.51 earnings per share. On average, sell-side analysts predict that Southern First Bancshares, Inc. will post 1.39 EPS for the current year.

Insider Activity at Southern First Bancshares

In other Southern First Bancshares news, CAO Julie Ann Fairchild sold 1,000 shares of Southern First Bancshares stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $45.23, for a total value of $45,230.00. Following the transaction, the chief accounting officer now directly owns 5,840 shares of the company’s stock, valued at $264,143.20. The trade was a 14.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.62% of the stock is owned by corporate insiders.

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.