8,413 Shares in Southern First Bancshares, Inc. (SFST) Purchased by OxFORD Asset Management LLP

OxFORD Asset Management LLP bought a new stake in Southern First Bancshares, Inc. (NASDAQ:SFST) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,413 shares of the bank’s stock, valued at approximately $312,000. OxFORD Asset Management LLP owned approximately 0.12% of Southern First Bancshares at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Banc Funds Co. LLC increased its holdings in Southern First Bancshares by 13.7% in the second quarter. Banc Funds Co. LLC now owns 622,521 shares of the bank’s stock valued at $23,064,000 after buying an additional 75,000 shares in the last quarter. Wellington Management Group LLP increased its holdings in Southern First Bancshares by 8.1% in the first quarter. Wellington Management Group LLP now owns 415,019 shares of the bank’s stock valued at $13,550,000 after buying an additional 31,186 shares in the last quarter. Vanguard Group Inc. increased its holdings in Southern First Bancshares by 6.1% in the second quarter. Vanguard Group Inc. now owns 199,557 shares of the bank’s stock valued at $7,393,000 after buying an additional 11,495 shares in the last quarter. River Oaks Capital LLC increased its holdings in Southern First Bancshares by 10.9% in the second quarter. River Oaks Capital LLC now owns 198,400 shares of the bank’s stock valued at $7,351,000 after buying an additional 19,452 shares in the last quarter. Finally, Stieven Capital Advisors L.P. increased its holdings in Southern First Bancshares by 47.2% in the second quarter. Stieven Capital Advisors L.P. now owns 185,740 shares of the bank’s stock valued at $6,882,000 after buying an additional 59,600 shares in the last quarter. 70.24% of the stock is owned by institutional investors.

In related news, CFO Michael D. Dowling sold 750 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $36.00, for a total value of $27,000.00. Following the sale, the chief financial officer now directly owns 30,507 shares in the company, valued at approximately $1,098,252. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael D. Dowling sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $36.00, for a total transaction of $129,600.00. Following the completion of the sale, the chief financial officer now owns 36,107 shares in the company, valued at $1,299,852. The disclosure for this sale can be found here. Insiders sold a total of 16,927 shares of company stock worth $611,937 over the last quarter. Insiders own 12.85% of the company’s stock.

Southern First Bancshares, Inc. (SFST) opened at 37.50 on Monday. Southern First Bancshares, Inc. has a 52 week low of $25.85 and a 52 week high of $38.55. The stock’s 50 day moving average is $36.17 and its 200-day moving average is $35.47. The stock has a market capitalization of $274.28 million, a PE ratio of 19.25 and a beta of 0.65.

Southern First Bancshares (NASDAQ:SFST) last released its earnings results on Tuesday, July 25th. The bank reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Southern First Bancshares had a net margin of 20.68% and a return on equity of 11.39%. The business had revenue of $14.92 million for the quarter, compared to the consensus estimate of $14.21 million. Equities research analysts forecast that Southern First Bancshares, Inc. will post $2.01 EPS for the current year.

A number of research analysts have issued reports on the stock. BidaskClub cut shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research cut shares of Southern First Bancshares from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Finally, FIG Partners reissued an “outperform” rating and set a $42.00 price objective (up from $40.00) on shares of Southern First Bancshares in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Southern First Bancshares currently has an average rating of “Hold” and an average price target of $38.67.

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Southern First Bancshares Profile

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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Institutional Ownership by Quarter for Southern First Bancshares (NASDAQ:SFST)

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