November 17, 2016 - By Hazel Jackson · 0 Comments
Southern First Bancshares Inc (NASDAQ:SFST) institutional sentiment increased to 3.08 in Q2 2016. Its up 1.75, from 1.33 in 2016Q1. The ratio improved, as 37 institutional investors increased or started new equity positions, while 12 sold and decreased stock positions in Southern First Bancshares Inc. The institutional investors in our partner’s database now have: 8.01 million shares, up from 3.68 million shares in 2016Q1. Also, the number of institutional investors holding Southern First Bancshares Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 6 Increased: 14 New Position: 23.
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 $186.74 million. The Bank is a commercial bank with approximately nine retail offices located in Greenville, Columbia and Charleston, South Carolina. It has a 16.05 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.
The stock decreased 2.26% or $0.7 during the last trading session, hitting $30.25. Southern First Bancshares, Inc. (NASDAQ:SFST) has risen 23.92% since April 15, 2016 and is uptrending. It has outperformed by 19.30% the S&P500.
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.”
Castine Capital Management Llc holds 1.43% of its portfolio in Southern First Bancshares, Inc. for 123,882 shares. Ejf Capital Llc owns 533,274 shares or 1.21% of their US portfolio. Moreover, Stieven Capital Advisors L.P. has 0.84% invested in the company for 124,940 shares. The Illinois-based Banc Funds Co Llc has invested 0.82% in the stock. Mendon Capital Advisors Corp, a New York-based fund reported 291,722 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 4 insider sales for $120,437 net activity.
Ratings analysis reveals 100% of Southern First Bancshares’s analysts are positive. Out of 2 Wall Street analysts rating Southern First Bancshares, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $24 while the high is $24. The stock’s average target of $24 is -20.66% below today’s ($30.25) share price. SFST was included in 2 notes of analysts from August 20, 2015. Wood maintained it with “Outperform” rating and $24 target price in Thursday, August 20 report.
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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By Hazel Jackson