Southern First Bancshares, Inc. (SFST) Holdings Boosted by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. grew its position in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) by 34.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,875 shares of the bank’s stock after acquiring an additional 3,775 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.20% of Southern First Bancshares worth $658,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC bought a new stake in shares of Southern First Bancshares during the first quarter valued at approximately $207,000. Rhumbline Advisers increased its holdings in shares of Southern First Bancshares by 25.1% during the second quarter. Rhumbline Advisers now owns 6,876 shares of the bank’s stock valued at $304,000 after acquiring an additional 1,379 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Southern First Bancshares by 8.8% during the first quarter. Wells Fargo & Company MN now owns 13,511 shares of the bank’s stock valued at $601,000 after acquiring an additional 1,096 shares in the last quarter. Sheets Smith Wealth Management bought a new stake in shares of Southern First Bancshares during the second quarter valued at approximately $681,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Southern First Bancshares during the second quarter valued at approximately $747,000. Hedge funds and other institutional investors own 69.41% of the company’s stock.
In related news, CEO R Arthur Seaver, Jr. sold 18,000 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $41.68, for a total transaction of $750,240.00. Following the completion of the sale, the chief executive officer now owns 44,876 shares in the company, valued at $1,870,431.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David G. Ellison purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were bought at an average price of $40.35 per share, with a total value of $40,350.00. Following the acquisition, the director now directly owns 40,728 shares of the company’s stock, valued at approximately $1,643,374.80. The disclosure for this purchase can be found here. Corporate insiders own 12.85% of the company’s stock.
NASDAQ SFST opened at $37.08 on Friday. The company has a market cap of $278.98 million, a PE ratio of 17.08 and a beta of 0.50. Southern First Bancshares, Inc. has a 52 week low of $35.60 and a 52 week high of $48.75. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.26.
Southern First Bancshares (NASDAQ:SFST) last released its quarterly earnings data on Tuesday, July 31st. The bank reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Southern First Bancshares had a return on equity of 11.13% and a net margin of 21.88%. On average, equities analysts anticipate that Southern First Bancshares, Inc. will post 2.76 earnings per share for the current fiscal year.
About Southern First Bancshares
Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It accepts various deposit products that include checking accounts, commercial checking accounts, savings accounts, and other time deposits, including daily money market accounts and certificates of deposit.
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