Southern First Bancshares, Inc. (NASDAQ:SFST) Stock Holdings Decreased by Abacus Planning Group Inc.

Abacus Planning Group Inc. lessened its position in Southern First Bancshares, Inc. (NASDAQ:SFST) by 2.2% in the 4th quarter, Holdings Channel reports. The fund owned 31,123 shares of the bank’s stock after selling 703 shares during the period. Abacus Planning Group Inc.’s holdings in Southern First Bancshares were worth $1,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SFST. 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 buying an additional 568 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Southern First Bancshares in the third quarter valued at approximately $101,000. Princeton Capital Management LLC bought a new stake in Southern First Bancshares in the third quarter worth approximately $204,000. De Lisle Partners LLP increased its stake in shares of Southern First Bancshares by 15.6% during the 3rd quarter. De Lisle Partners LLP now owns 12,591 shares of the bank’s stock worth $431,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Southern First Bancshares by 4.9% during the 3rd quarter. Empowered Funds LLC now owns 14,430 shares of the bank’s stock valued at $492,000 after purchasing an additional 670 shares in the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.

Insider Activity

In other Southern First Bancshares news, CAO Julie Ann Fairchild sold 1,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $45.23, for a total transaction of $45,230.00. Following the completion of the sale, the chief accounting officer now directly owns 5,840 shares in the company, valued at $264,143.20. This represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.62% of the company’s stock.

Southern First Bancshares Trading Down 1.4 %

Shares of NASDAQ:SFST opened at $35.29 on Thursday. 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 stock has a market capitalization of $287.97 million, a PE ratio of 18.38 and a beta of 0.83. Southern First Bancshares, Inc. has a 1 year low of $24.98 and a 1 year high of $45.90. The firm has a fifty day moving average price of $37.73 and a 200 day moving average price of $36.89.

Southern First Bancshares (NASDAQ:SFST) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.29. Southern First Bancshares had a return on equity of 4.85% and a net margin of 7.28%. Analysts expect that Southern First Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

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.