Princeton Capital Management LLC Purchases New Position in Southern First Bancshares, Inc. (NASDAQ:SFST)

Princeton Capital Management LLC acquired a new position in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,000 shares of the bank’s stock, valued at approximately $204,000. Princeton Capital Management LLC owned about 0.07% of Southern First Bancshares at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Southern First Bancshares during the third quarter worth $101,000. BNP Paribas Financial Markets grew its stake in Southern First Bancshares by 93.5% in the first quarter. BNP Paribas Financial Markets now owns 3,921 shares of the bank’s stock valued at $125,000 after acquiring an additional 1,895 shares during the period. Foster Victor Wealth Advisors LLC grew its stake in Southern First Bancshares by 19.3% in the second quarter. Foster Victor Wealth Advisors LLC now owns 9,983 shares of the bank’s stock valued at $292,000 after acquiring an additional 1,614 shares during the period. Long Focus Capital Management LLC bought a new stake in shares of Southern First Bancshares in the second quarter worth about $292,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Southern First Bancshares during the first quarter worth about $394,000. Institutional investors and hedge funds own 75.00% of the company’s stock.

Southern First Bancshares Price Performance

Shares of SFST opened at $43.21 on Tuesday. The stock has a 50 day simple moving average of $36.32 and a 200 day simple moving average of $32.08. Southern First Bancshares, Inc. has a 52-week low of $24.98 and a 52-week high of $44.92. 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 firm has a market capitalization of $352.59 million, a PE ratio of 24.98 and a beta of 0.79.

Southern First Bancshares (NASDAQ:SFST) last released its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the company earned $0.51 earnings per share. Sell-side analysts predict that Southern First Bancshares, Inc. will post 1.39 EPS for the current fiscal year.

Insider Buying and Selling

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

About Southern First Bancshares

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.