Emerald Mutual Fund Advisers Trust continued to hold its stake in Southern First Bancshares Inc. (NASDAQ:SFST) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 46,032 shares of the company’s stock at the end of the second quarter. Emerald Mutual Fund Advisers Trust’s holdings in Southern First Bancshares were worth $1,109,000 as of its most recent SEC filing.
Separately, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Southern First Bancshares during the second quarter valued at about $159,000. Institutional investors and hedge funds own 63.19% of the company’s stock.
Southern First Bancshares Inc. (NASDAQ:SFST) traded down 0.79% during midday trading on Friday, reaching $26.53. 11,975 shares of the company were exchanged. The firm’s 50-day moving average is $27.94 and its 200-day moving average is $26.22. The firm has a market cap of $168.60 million, a P/E ratio of 14.82 and a beta of 0.54. Southern First Bancshares Inc. has a one year low of $19.81 and a one year high of $31.11.
Southern First Bancshares (NASDAQ:SFST) last released its earnings results on Tuesday, July 26th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. Southern First Bancshares had a net margin of 20.29% and a return on equity of 12.32%. On average, equities analysts expect that Southern First Bancshares Inc. will post $1.88 EPS for the current fiscal year.
SFST has been the subject of several recent research reports. Zacks Investment Research lowered shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Keefe, Bruyette & Woods increased their price objective on shares of Southern First Bancshares from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th.
In related news, Director Fred Gilmer, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $27.25, for a total transaction of $54,500.00. Following the completion of the sale, the director now directly owns 54,751 shares in the company, valued at $1,491,964.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President F Justin Strickland sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $27.00, for a total transaction of $37,800.00. Following the sale, the president now owns 56,158 shares of the company’s stock, valued at $1,516,266. The disclosure for this sale can be found here. 14.50% of the stock is currently owned by insiders.
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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