SeaCrest Wealth Management LLC Sells 12,454 Shares of Southern First Bancshares, Inc. (NASDAQ:SFST)

SeaCrest Wealth Management LLC lessened its position in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) by 17.5% in the 4th quarter, HoldingsChannel reports. The fund owned 58,806 shares of the bank’s stock after selling 12,454 shares during the period. SeaCrest Wealth Management LLC’s holdings in Southern First Bancshares were worth $2,338,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of Southern First Bancshares by 37.9% during the third quarter. BNP Paribas Financial Markets now owns 2,066 shares of the bank’s stock worth $70,000 after purchasing an additional 568 shares in the last quarter. SG Americas Securities LLC purchased a new position in Southern First Bancshares during the 3rd quarter worth $101,000. Princeton Capital Management LLC purchased a new position in Southern First Bancshares during the 3rd quarter worth $204,000. Long Focus Capital Management LLC acquired a new position in Southern First Bancshares during the 2nd quarter valued at about $292,000. Finally, Foster Victor Wealth Advisors LLC raised its stake in Southern First Bancshares by 3.1% in the third quarter. Foster Victor Wealth Advisors LLC now owns 10,295 shares of the bank’s stock valued at $351,000 after buying an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 75.00% of the company’s stock.

Insider Transactions at Southern First Bancshares

In other news, CAO Julie Ann Fairchild sold 1,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $264,143.20. This trade represents a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 7.62% of the company’s stock.

Southern First Bancshares Price Performance

Shares of NASDAQ SFST opened at $35.26 on Wednesday. Southern First Bancshares, Inc. has a fifty-two week low of $24.98 and a fifty-two week high of $45.90. 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 company has a market cap of $287.72 million, a PE ratio of 20.38 and a beta of 0.85. The business has a 50-day simple moving average of $41.34 and a two-hundred day simple moving average of $36.13.

Southern First Bancshares (NASDAQ:SFST) last released its earnings results on Tuesday, October 22nd. The bank reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.16. Southern First Bancshares had a net margin of 6.67% and a return on equity of 4.42%. The company had revenue of $54.35 million during the quarter, compared to analysts’ expectations of $23.57 million. During the same period last year, the business earned $0.51 EPS. As a group, equities analysts expect 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.