California State Teachers Retirement System acquired a new position in Southern First Bancshares Inc. (NASDAQ:SFST) during the second quarter, Holdings Channel reports. The fund acquired 12,018 shares of the company’s stock, valued at approximately $290,000. California State Teachers Retirement System owned about 0.19% of Southern First Bancshares at the end of the most recent reporting period.
Separately, Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Southern First Bancshares during the second quarter worth about $159,000. Institutional investors and hedge funds own 63.20% of the company’s stock.
Southern First Bancshares Inc. (NASDAQ:SFST) traded up 1.19% during midday trading on Tuesday, hitting $27.27. The stock had a trading volume of 330 shares. The company has a market capitalization of $173.30 million, a PE ratio of 15.23 and a beta of 0.54. Southern First Bancshares Inc. has a 1-year low of $20.43 and a 1-year high of $31.11. The stock’s 50-day moving average is $27.73 and its 200-day moving average is $26.29.
Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.04. Southern First Bancshares had a return on equity of 12.32% and a net margin of 20.29%. Equities research analysts forecast that Southern First Bancshares Inc. will post $1.88 EPS for the current year.
A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Southern First Bancshares from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, July 27th. Zacks Investment Research lowered Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th.
In other Southern First Bancshares news, Director Fred Gilmer, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $27.25, for a total transaction of $54,500.00. Following the sale, the director now directly owns 54,751 shares of the company’s stock, valued at $1,491,964.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President F Justin Strickland sold 1,400 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $27.00, for a total value of $37,800.00. Following the sale, the president now directly owns 56,158 shares in the company, valued at $1,516,266. The disclosure for this sale can be found here. Company insiders own 14.50% of the company’s stock.
About Southern First Bancshares
Southern First Bancshares, Inc is a bank holding company that owns the capital stock of Southern First Bank (the Bank), a South Carolina state bank, and all of the stock of Greenville First Statutory Trust I and II (the Trusts). The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina.
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