Southern First Bancshares, Inc. (NASDAQ:SFST) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 72,100 shares, a decline of 9.1% from the June 15th total of 79,300 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily volume of 15,800 shares, the short-interest ratio is presently 4.6 days.

In other news, President F Justin Strickland sold 6,250 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $40.02, for a total transaction of $250,125.00. Following the transaction, the president now directly owns 55,127 shares in the company, valued at approximately $2,206,182.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leighton M. Cubbage sold 1,270 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $36.01, for a total transaction of $45,732.70. Following the transaction, the director now owns 84,227 shares in the company, valued at $3,033,014.27. The disclosure for this sale can be found here. 10.51% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SFST. Mcmillion Capital Management Inc. bought a new stake in Southern First Bancshares in the 2nd quarter valued at about $42,000. BNP Paribas Arbitrage SA raised its position in shares of Southern First Bancshares by 609.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,448 shares of the bank’s stock valued at $49,000 after buying an additional 1,244 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Southern First Bancshares by 355.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,428 shares of the bank’s stock valued at $78,000 after buying an additional 1,895 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Southern First Bancshares in the 1st quarter valued at approximately $148,000. Finally, Globeflex Capital L P raised its position in shares of Southern First Bancshares by 18.0% in the 1st quarter. Globeflex Capital L P now owns 11,565 shares of the bank’s stock valued at $392,000 after buying an additional 1,765 shares in the last quarter. 72.17% of the stock is owned by hedge funds and other institutional investors.

Shares of SFST stock traded up $0.93 during midday trading on Monday, hitting $41.95. 9,156 shares of the company were exchanged, compared to its average volume of 16,773. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. The stock has a market cap of $307.88 million, a price-to-earnings ratio of 14.57 and a beta of 0.93. Southern First Bancshares has a 52 week low of $27.33 and a 52 week high of $44.75. The firm has a 50 day moving average price of $37.61.

Several brokerages recently commented on SFST. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. Zacks Investment Research downgraded shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, FIG Partners reaffirmed an “outperform” rating on shares of Southern First Bancshares in a report on Thursday, May 16th.

Southern First Bancshares Company Profile

Southern First Bancshares, Inc operates as the bank holding company for Southern First Bank that provides various banking products and services to general public in South Carolina, North Carolina, and Georgia. It accepts various deposit products that include checking accounts, commercial checking accounts, savings accounts, and other time deposits, including daily money market accounts and long-term certificates of deposit.

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