Southern First Bancshares, Inc. (NASDAQ:SFST) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. decreased its holdings in Southern First Bancshares, Inc. (NASDAQ:SFST) by 7.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,000 shares of the bank’s stock after selling 3,000 shares during the quarter. Teton Advisors Inc.’s holdings in Southern First Bancshares were worth $1,410,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SFST. Sheets Smith Wealth Management boosted its position in shares of Southern First Bancshares by 2.7% in the 3rd quarter. Sheets Smith Wealth Management now owns 15,251 shares of the bank’s stock worth $411,000 after purchasing an additional 397 shares in the last quarter. Strs Ohio raised its stake in Southern First Bancshares by 4.9% in the 3rd quarter. Strs Ohio now owns 19,100 shares of the bank’s stock worth $514,000 after acquiring an additional 900 shares during the last quarter. Fifth Third Bancorp purchased a new position in Southern First Bancshares in the 3rd quarter worth $809,000. Assenagon Asset Management S.A. raised its stake in Southern First Bancshares by 212.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 32,479 shares of the bank’s stock worth $875,000 after acquiring an additional 22,070 shares during the last quarter. Finally, Barclays PLC raised its stake in Southern First Bancshares by 2.7% in the 3rd quarter. Barclays PLC now owns 19,140 shares of the bank’s stock worth $516,000 after acquiring an additional 496 shares during the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.

Insider Buying and Selling at Southern First Bancshares

In other Southern First Bancshares news, CEO R Arthur Seaver, Jr. sold 996 shares of Southern First Bancshares stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $31.25, for a total transaction of $31,125.00. Following the completion of the transaction, the chief executive officer now owns 83,470 shares in the company, valued at approximately $2,608,437.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Southern First Bancshares news, CEO R Arthur Seaver, Jr. sold 2,500 shares of Southern First Bancshares stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $31.13, for a total transaction of $77,825.00. Following the completion of the transaction, the chief executive officer now owns 90,970 shares in the company, valued at approximately $2,831,896.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO R Arthur Seaver, Jr. sold 996 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $31.25, for a total value of $31,125.00. Following the sale, the chief executive officer now owns 83,470 shares in the company, valued at $2,608,437.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,113 shares of company stock worth $126,277. Insiders own 7.62% of the company’s stock.

Southern First Bancshares Stock Performance

Shares of NASDAQ SFST traded down $0.92 during trading on Tuesday, reaching $25.82. 19,735 shares of the company traded hands, compared to its average volume of 21,244. The firm’s fifty day simple moving average is $30.15 and its 200 day simple moving average is $31.80. The stock has a market cap of $210.69 million, a P/E ratio of 15.74 and a beta of 0.78. Southern First Bancshares, Inc. has a 12-month low of $20.75 and a 12-month high of $39.36. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.00.

Analyst Upgrades and Downgrades

SFST has been the subject of a number of research analyst reports. Piper Sandler upgraded Southern First Bancshares from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $34.00 to $44.00 in a research note on Wednesday, January 3rd. StockNews.com lowered Southern First Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th.

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.