Foster Victor Wealth Advisors LLC Purchases 312 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST)

Foster Victor Wealth Advisors LLC raised its holdings in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) by 3.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,295 shares of the bank’s stock after purchasing an additional 312 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Southern First Bancshares were worth $351,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in Southern First Bancshares in the 3rd quarter worth about $101,000. BNP Paribas Financial Markets grew its stake in Southern First Bancshares by 93.5% in the 1st quarter. BNP Paribas Financial Markets now owns 3,921 shares of the bank’s stock worth $125,000 after acquiring an additional 1,895 shares in the last quarter. Long Focus Capital Management LLC purchased a new position in shares of Southern First Bancshares during the second quarter worth approximately $292,000. Quadrature Capital Ltd bought a new stake in shares of Southern First Bancshares during the first quarter valued at approximately $394,000. Finally, Empowered Funds LLC boosted its holdings in shares of Southern First Bancshares by 7.3% in the first quarter. Empowered Funds LLC now owns 12,860 shares of the bank’s stock valued at $408,000 after purchasing an additional 875 shares during the period. Institutional investors own 75.00% of the company’s stock.

Insiders Place Their Bets

In other news, Director Leighton M. Cubbage sold 2,515 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $33.29, for a total value of $83,724.35. Following the completion of the transaction, the director now directly owns 54,303 shares of the company’s stock, valued at approximately $1,807,746.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Leighton M. Cubbage sold 2,515 shares of Southern First Bancshares stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $33.29, for a total value of $83,724.35. Following the transaction, the director now owns 54,303 shares of the company’s stock, valued at $1,807,746.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leighton M. Cubbage sold 1,744 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $31.18, for a total transaction of $54,377.92. Following the sale, the director now directly owns 58,818 shares of the company’s stock, valued at $1,833,945.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,549 shares of company stock worth $178,118 over the last 90 days. Company insiders own 7.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Southern First Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 19th.

Southern First Bancshares Stock Up 2.5 %

NASDAQ:SFST opened at $37.67 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.10 and a quick ratio of 1.09. Southern First Bancshares, Inc. has a 1-year low of $24.98 and a 1-year high of $39.36. The company has a 50-day moving average of $32.71 and a 200 day moving average of $30.20. The firm has a market cap of $307.24 million, a PE ratio of 22.97 and a beta of 0.81.

Southern First Bancshares (NASDAQ:SFST) last announced its quarterly earnings results on Thursday, July 18th. The bank reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.08. The firm had revenue of $54.07 million during the quarter, compared to analysts’ expectations of $22.13 million. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.41%. As a group, research analysts anticipate that Southern First Bancshares, Inc. will post 1.39 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.