Bank of New York Mellon Corp Sells 2,973 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST)

Bank of New York Mellon Corp lowered its stake in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) by 12.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 21,539 shares of the bank’s stock after selling 2,973 shares during the period. Bank of New York Mellon Corp’s holdings in Southern First Bancshares were worth $856,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sheets Smith Wealth Management raised its stake 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 worth $604,000 after acquiring an additional 490 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Southern First Bancshares by 37.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,066 shares of the bank’s stock valued at $70,000 after purchasing an additional 568 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Southern First Bancshares by 4.7% in the 4th quarter. Empowered Funds LLC now owns 15,105 shares of the bank’s stock worth $600,000 after purchasing an additional 675 shares in the last quarter. Rhumbline Advisers grew its stake in Southern First Bancshares by 7.0% during the 4th quarter. Rhumbline Advisers now owns 12,506 shares of the bank’s stock worth $497,000 after buying an additional 813 shares during the last quarter. Finally, 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. Institutional investors own 75.00% of the company’s stock.

Southern First Bancshares Trading Down 1.3 %

Southern First Bancshares stock opened at $33.34 on Wednesday. Southern First Bancshares, Inc. has a one year low of $24.98 and a one year high of $45.91. The stock has a market cap of $272.62 million, a PE ratio of 17.36 and a beta of 0.87. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50-day moving average of $35.07 and a two-hundred day moving average of $37.26.

Southern First Bancshares (NASDAQ:SFST) last released its earnings results on Thursday, January 30th. The bank reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.29. Southern First Bancshares had a net margin of 7.28% and a return on equity of 4.85%. On average, research analysts anticipate that Southern First Bancshares, Inc. will post 1.85 EPS 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.