Southern First Bancshares, Inc. (NASDAQ:SFST) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in Southern First Bancshares, Inc. (NASDAQ:SFSTFree Report) by 39.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,903 shares of the bank’s stock after selling 35,033 shares during the period. Wellington Management Group LLP’s holdings in Southern First Bancshares were worth $1,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Empowered Funds LLC raised its holdings in shares of Southern First Bancshares by 4.9% in the third quarter. Empowered Funds LLC now owns 14,430 shares of the bank’s stock worth $492,000 after buying an additional 670 shares during the last quarter. Renaissance Technologies LLC raised its stake in Southern First Bancshares by 9.2% in the 2nd quarter. Renaissance Technologies LLC now owns 92,293 shares of the bank’s stock worth $2,699,000 after acquiring an additional 7,786 shares during the last quarter. Long Focus Capital Management LLC purchased a new position in Southern First Bancshares in the 2nd quarter worth $292,000. Bank of New York Mellon Corp lifted its position in Southern First Bancshares by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,654 shares of the bank’s stock worth $955,000 after acquiring an additional 2,945 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in Southern First Bancshares by 2.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 28,280 shares of the bank’s stock valued at $827,000 after purchasing an additional 805 shares during the last quarter. Hedge funds and other institutional investors own 75.00% of the company’s stock.

Southern First Bancshares Trading Down 7.1 %

Shares of NASDAQ:SFST opened at $39.47 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.81. Southern First Bancshares, Inc. has a 52-week low of $24.98 and a 52-week high of $45.90. The stock has a market cap of $322.08 million, a price-to-earnings ratio of 22.82 and a beta of 0.83. The business has a 50-day moving average price of $40.89 and a 200-day moving average price of $34.52.

Southern First Bancshares (NASDAQ:SFSTGet Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.54 EPS for the quarter, beating the consensus estimate of $0.38 by $0.16. The business 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 previous year, the business posted $0.51 EPS. Equities analysts predict that Southern First Bancshares, Inc. will post 1.39 EPS for the current year.

Insider Buying and Selling at Southern First Bancshares

In other Southern First Bancshares news, CAO Julie Ann Fairchild sold 1,000 shares of the business’s 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 completion of the transaction, the chief accounting officer now directly owns 5,840 shares of the company’s stock, valued at approximately $264,143.20. The trade was a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.62% of the stock is owned by corporate insiders.

About Southern First Bancshares

(Free Report)

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.

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Institutional Ownership by Quarter for Southern First Bancshares (NASDAQ:SFST)

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