Newest Rating: Southern First Bancshares (NASDAQ:SFST) Was Downgraded by Keefe Bruyette to Mkt Perform

November 29, 2016 - By Darrin Black

Newest Rating: Southern First Bancshares (NASDAQ:SFST) Was Downgraded by Keefe Bruyette to Mkt Perform

Southern First Bancshares (NASDAQ:SFST) Downgrade

Trading of Southern First Bancshares (NASDAQ:SFST)‘s shares is going to be interesting today. Keefe Bruyette lowered the stock from a Outperform to a Mkt Perform.

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 -20.00% below today’s ($30) stock price. Southern First Bancshares has been the topic of 2 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Wood given on Thursday, August 20.

About 1,238 shares traded hands. Southern First Bancshares, Inc. (NASDAQ:SFST) has risen 28.77% since April 26, 2016 and is uptrending. It has outperformed by 23.51% the S&P500.

Insitutional Activity: The institutional sentiment decreased to 1.21 in Q2 2016. Its down 1.87, from 3.08 in 2016Q1. The ratio fall, 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.

Stieven Capital Advsrs Lp has 124,940 shares for 0.84% of their US portfolio. Blackrock Advisors Lc accumulated 0% or 1,621 shares. Moreover, Mufg Americas Corp has 0% invested in Southern First Bancshares, Inc. (NASDAQ:SFST) for 240 shares. Wellington Management Gp Limited Liability Partnership owns 386,676 shares or 0% of their US portfolio. Moreover, Deutsche Commercial Bank Ag has 0% invested in Southern First Bancshares, Inc. (NASDAQ:SFST) for 30,813 shares. Natl Bank Of Ny Mellon Corporation has invested 0% of its portfolio in Southern First Bancshares, Inc. (NASDAQ:SFST). Tower Cap Limited Liability Corporation (Trc) holds 0% of its portfolio in Southern First Bancshares, Inc. (NASDAQ:SFST) for 1,224 shares. Dimensional Fund Advisors Lp holds 192,704 shares or 0% of its portfolio. Fuller & Thaler Asset last reported 500 shares in the company. Pinnacle Liability Corporation accumulated 69,689 shares or 0% of the stock. Mendon Advisors holds 0.73% or 291,722 shares in its portfolio. Emerald Mutual Fund Advisers Tru owns 46,032 shares or 0.06% of their US portfolio. Rmb Management Ltd Co accumulated 316,182 shares or 0.4% of the stock. Bessemer Grp Inc reported 1,000 shares or 0% of all its holdings. Morgan Stanley reported 5,042 shares or 0% of all its holdings.

Insider Transactions: Since August 5, 2016, the stock had 0 buys, and 6 selling transactions for $958,462 net activity. On Monday, November 21 the insider Dowling Michael D sold $79,000. Strickland F Justin sold $37,800 worth of Southern First Bancshares, Inc. (NASDAQ:SFST) on Friday, August 5. 2,000 Southern First Bancshares, Inc. (NASDAQ:SFST) shares with value of $54,500 were sold by GILMER FRED JR.

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 $190.92 million. The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina. It has a 15.92 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.”

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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