Patton Albertson Miller Group LLC Takes $209,000 Position in Southern First Bancshares, Inc. (NASDAQ:SFST)

Patton Albertson Miller Group LLC purchased a new stake in Southern First Bancshares, Inc. (NASDAQ:SFST) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 5,637 shares of the bank’s stock, valued at approximately $209,000.

A number of other large investors have also recently bought and sold shares of SFST. SG Americas Securities LLC purchased a new stake in shares of Southern First Bancshares in the fourth quarter valued at about $157,000. ELCO Management Co. LLC acquired a new position in Southern First Bancshares in the 3rd quarter valued at about $207,000. Wagner Wealth Management LLC purchased a new stake in Southern First Bancshares during the 4th quarter valued at approximately $209,000. Strs Ohio lifted its position in Southern First Bancshares by 4.9% during 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 period. Finally, Barclays PLC grew its stake in shares of Southern First Bancshares by 2.7% in the 3rd quarter. Barclays PLC now owns 19,140 shares of the bank’s stock valued at $516,000 after purchasing an additional 496 shares during the last quarter. Institutional investors and hedge funds own 75.00% of the company’s stock.

Southern First Bancshares Stock Performance

Shares of SFST stock traded up $0.59 during mid-day trading on Thursday, hitting $27.99. The stock had a trading volume of 9,486 shares, compared to its average volume of 21,160. Southern First Bancshares, Inc. has a fifty-two week low of $21.66 and a fifty-two week high of $39.36. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50-day simple moving average is $29.26 and its 200-day simple moving average is $31.72. The firm has a market cap of $228.29 million, a PE ratio of 17.07 and a beta of 0.82.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Southern First Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd.

Insider Activity at Southern First Bancshares

In other Southern First Bancshares news, CEO R Arthur Seaver, Jr. sold 996 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $31.25, for a total transaction of $31,125.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Southern First Bancshares news, CEO R Arthur Seaver, Jr. sold 996 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $31.25, for a total transaction of $31,125.00. Following the sale, the chief executive officer now directly owns 83,470 shares in the company, valued at approximately $2,608,437.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO R Arthur Seaver, Jr. sold 2,500 shares of the stock in a transaction dated Thursday, March 14th. The shares were 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 of the company’s stock, valued at approximately $2,831,896.10. The disclosure for this sale can be found here. Insiders sold a total of 4,113 shares of company stock worth $126,277 over the last 90 days. 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.