Ownership Change: Southern First Bancshares, Inc. (NASDAQ:SFST)’s EVP – CFO Michael Dowling Unloaded 2,500 Shares

November 23, 2016 - By Clifton Ray

Ownership Change: Southern First Bancshares, Inc. (NASDAQ:SFST)'s EVP   CFO Michael Dowling Unloaded 2,500 Shares

Michael Dowling Insider Sell

As published in the U.S. Security & Exchange Commission, a legal document for the sale of 2,500 shares of Southern First Bancshares Inc by Michael Dowling was filled. Michael Dowling is currently the EVP – CFO of the South Carolina-based Southern First Bancshares Inc. The report was filled on 21/11/2016. The reported shares were sold at average $31.6 of a share, and had a market value of $79,000 USD. Currently, Michael Dowling owns 24,464 shares which are equivalent to about 0.38% of Southern First Bancshares Inc’s market cap (share price times the number of shares outstanding).

Southern First Bancshares, Inc. (NASDAQ:SFST) Ratings Coverage

Out of 2 analysts covering Southern First Bancshares (NASDAQ:SFST), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $24 is the highest target while $24 is the lowest. The $24 average target is -24.88% below today’s ($31.95) stock price. Southern First Bancshares has been the topic of 2 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The rating was maintained by Wood on Thursday, August 20 with “Outperform”.

Insitutional Activity: The institutional sentiment decreased to 1.21 in 2016 Q2. Its down 1.87, from 3.08 in 2016Q1. The ratio worsened, as 6 funds sold all Southern First Bancshares, Inc. shares owned while 6 reduced positions. 23 funds bought stakes while 14 increased positions. They now own 8.01 million shares or 117.79% more from 3.68 million shares in 2016Q1.

Savings Bank Of New York Mellon Corporation has 0% invested in the company for 11,851 shares. Retail Bank Of America Corporation De holds 2,174 shares or 0% of its portfolio. Dimensional Fund Advisors Limited Partnership has 0% invested in the company for 192,704 shares. Castine Capital Mngmt Ltd Limited Liability Company holds 123,882 shares or 1.43% of its portfolio. Tfs Capital Limited Liability Company, a Pennsylvania-based fund reported 12,462 shares. Blackrock Fund Advsrs owns 134,781 shares or 0% of their US portfolio. The California-based California Employees Retirement System has invested 0% in Southern First Bancshares, Inc. (NASDAQ:SFST). Citigroup has 570 shares for 0% of their US portfolio. American Gru holds 0% of its portfolio in Southern First Bancshares, Inc. (NASDAQ:SFST) for 3,300 shares. Mufg Americas Holdings last reported 0% of its portfolio in the stock. Schwab Charles Management holds 0% of its portfolio in Southern First Bancshares, Inc. (NASDAQ:SFST) for 8,800 shares. Blackrock Invest Mngmt Limited holds 0% of its portfolio in Southern First Bancshares, Inc. (NASDAQ:SFST) for 23,361 shares. Renaissance Technology Ltd Limited Liability Company has invested 0% of its portfolio in Southern First Bancshares, Inc. (NASDAQ:SFST). Morgan Stanley accumulated 0% or 5,042 shares. Maltese Cap Management Lc has 25,000 shares for 0.08% of their US portfolio.

Insider Transactions: Since August 5, 2016, the stock had 0 buys, and 5 insider sales for $879,462 net activity. Dowling Michael D had sold 550 shares worth $14,713 on Wednesday, August 17. Strickland F Justin sold 24,773 shares worth $759,025. Shares for $54,500 were sold by GILMER FRED JR.

About 620 shares traded hands. Southern First Bancshares, Inc. (NASDAQ:SFST) has risen 28.41% since April 21, 2016 and is uptrending. It has outperformed by 23.08% the S&P500.

Southern First Bancshares, Inc. is a bank holding firm that owns the capital stock of Southern First Bank , a South Carolina state bank, and all of the stock of Greenville First Statutory Trust I and II (the Trusts). The company has a market cap of $205.85 million. The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina. It has a 16.95 P/E ratio. The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (the FDIC) and providing commercial, consumer and mortgage loans to the public.

According to Zacks Investment Research, “Greenville First Bancshares, Inc. is the holding company for Greenville First Bank, N.A., a national banking association chartered under the laws of the United States.”

Analysts await Southern First Bancshares, Inc. (NASDAQ:SFST) to report earnings on November, 25. They expect $0.48 EPS, up 17.07% or $0.07 from last year’s $0.41 per share. SFST’s profit will be $3.09M for 16.64 P/E if the $0.48 EPS becomes a reality. After $0.49 actual EPS reported by Southern First Bancshares, Inc. for the previous quarter, Wall Street now forecasts -2.04% negative EPS growth.

SFST Company Profile

Southern First Bancshares, Inc., incorporated on March 29, 1999, is a bank holding firm 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. The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (the FDIC) and providing commercial, consumer and mortgage loans to the public. In addition to deposit and loan services, the Company offers other bank services, such as Internet banking, cash management services, safe deposit boxes, direct deposit and automatic drafts for various accounts.

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