Rating Alert: KBW Gives Southern First Bancshares (NASDAQ:SFST) Lower Rating. Lost Its “Outperform” Rating

November 29, 2016 - By Clifton Ray

Rating Alert: KBW Gives Southern First Bancshares (NASDAQ:SFST) Lower Rating. Lost Its

Southern First Bancshares (NASDAQ:SFST) Downgrade

Southern First Bancshares (NASDAQ:SFST) was decreased by KBW from a “Outperform” rating to a “Mkt Perform” rating in a an analyst report revealed to clients on Tuesday, 29 November.

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 -24.05% below today’s ($31.6) stock price. Southern First Bancshares has been the topic of 2 analyst reports since August 20, 2015 according to StockzIntelligence Inc. Wood maintained Southern First Bancshares, Inc. (NASDAQ:SFST) on Thursday, August 20 with “Outperform” rating.

The stock decreased 1.25% or $0.4 on November 29, hitting $31.6. About 9,041 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 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.

Blackrock Mngmt Ltd Liability has 0% invested in the company for 23,361 shares. Morgan Stanley holds 5,042 shares or 0% of its portfolio. Ejf Capital Ltd Company accumulated 1.21% or 533,274 shares. Tiaa Cref Invest Mgmt Limited Com holds 0% or 17,789 shares in its portfolio. Schwab Charles Invest Management has 0% invested in the company for 8,800 shares. Renaissance Techs Lc last reported 0% of its portfolio in the stock. Geode Ltd Liability accumulated 11,632 shares or 0% of the stock. Nationwide Fund Advsr last reported 0% of its portfolio in the stock. Tower Rech Capital (Trc) owns 1,224 shares or 0% of their US portfolio. Carroll Finance Associates Inc last reported 73 shares in the company. Blackrock Institutional Na reported 40,042 shares or 0% of all its holdings. Wellington Mngmt Llp has 386,676 shares for 0% of their US portfolio. Tfs Capital Llc holds 0.06% of its portfolio in Southern First Bancshares, Inc. (NASDAQ:SFST) for 12,462 shares. Wells Fargo & Communications Mn reported 2,417 shares or 0% of all its holdings. Raymond James And Associate last reported 70,392 shares in the company.

Insider Transactions: Since August 5, 2016, the stock had 0 insider buys, and 6 sales for $958,462 net activity. $759,025 worth of Southern First Bancshares, Inc. (NASDAQ:SFST) was sold by Strickland F Justin. Dowling Michael D sold 2,500 shares worth $79,000. $54,500 worth of Southern First Bancshares, Inc. (NASDAQ:SFST) was sold by GILMER FRED JR on Wednesday, August 17.

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 $201.06 million. The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina. It has a 16.77 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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