Southern First Bancshares, Inc. (NASDAQ:SFST) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lessened its stake in Southern First Bancshares, Inc. (NASDAQ:SFST) by 50.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,168 shares of the bank’s stock after selling 8,327 shares during the quarter. Cornercap Investment Counsel Inc. owned approximately 0.10% of Southern First Bancshares worth $278,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Foster Victor Wealth Advisors LLC grew its position in Southern First Bancshares by 3.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 10,295 shares of the bank’s stock worth $351,000 after purchasing an additional 312 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Southern First Bancshares by 2.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 28,280 shares of the bank’s stock worth $827,000 after purchasing an additional 805 shares during the last quarter. BNP Paribas Financial Markets grew its position 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 purchasing an additional 1,895 shares during the last quarter. Bank of New York Mellon Corp grew its position in Southern First Bancshares by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 32,654 shares of the bank’s stock worth $955,000 after purchasing an additional 2,945 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Southern First Bancshares in the 3rd quarter worth about $101,000. Institutional investors and hedge funds own 75.00% of the company’s stock.

Insider Buying and Selling

In other Southern First Bancshares news, Director Leighton M. Cubbage sold 1,290 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $31.02, for a total value of $40,015.80. Following the completion of the sale, the director now owns 60,562 shares in the company, valued at $1,878,633.24. This represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 5,549 shares of company stock worth $178,118. Corporate insiders own 7.62% of the company’s stock.

Southern First Bancshares Price Performance

NASDAQ SFST opened at $43.07 on Monday. Southern First Bancshares, Inc. has a 52 week low of $24.98 and a 52 week high of $44.92. 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 cap of $351.45 million, a price-to-earnings ratio of 24.90 and a beta of 0.79. The company has a 50-day moving average price of $36.32 and a two-hundred day moving average price of $32.03.

Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.54 earnings per share (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 last year, the firm posted $0.51 earnings per share. Analysts forecast that Southern First Bancshares, Inc. will post 1.39 EPS for the current 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.