Southern First Bancshares, Inc. (SFST) Stake Lifted by Teachers Advisors LLC

Teachers Advisors LLC lifted its stake in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,609 shares of the bank’s stock after acquiring an additional 799 shares during the period. Teachers Advisors LLC owned 0.15% of Southern First Bancshares worth $393,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of Southern First Bancshares by 7.9% during the 1st quarter. Bank of America Corp DE now owns 3,080 shares of the bank’s stock worth $100,000 after acquiring an additional 226 shares during the period. American International Group Inc. lifted its holdings in shares of Southern First Bancshares by 7.3% during the 1st quarter. American International Group Inc. now owns 3,534 shares of the bank’s stock worth $115,000 after acquiring an additional 239 shares during the period. Rhumbline Advisers purchased a new position in shares of Southern First Bancshares during the 2nd quarter worth about $253,000. Wells Fargo & Company MN lifted its holdings in shares of Southern First Bancshares by 22.3% during the 1st quarter. Wells Fargo & Company MN now owns 8,342 shares of the bank’s stock worth $273,000 after acquiring an additional 1,519 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of Southern First Bancshares during the 2nd quarter worth about $616,000. Institutional investors and hedge funds own 70.32% of the company’s stock.

In related news, CFO Michael D. Dowling sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $36.00, for a total value of $27,000.00. Following the transaction, the chief financial officer now owns 30,507 shares in the company, valued at $1,098,252. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President F Justin Strickland sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $39.00, for a total transaction of $48,750.00. Following the completion of the transaction, the president now owns 62,889 shares in the company, valued at approximately $2,452,671. The disclosure for this sale can be found here. Company insiders own 12.85% of the company’s stock.

SFST has been the topic of several recent analyst reports. BidaskClub lowered shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. FIG Partners restated an “outperform” rating and issued a $42.00 price target (up previously from $40.00) on shares of Southern First Bancshares in a report on Wednesday, October 4th. Zacks Investment Research lowered shares of Southern First Bancshares from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Finally, ValuEngine lowered shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $38.67.

Southern First Bancshares, Inc. (NASDAQ:SFST) opened at $39.60 on Wednesday. Southern First Bancshares, Inc. has a 1-year low of $29.25 and a 1-year high of $41.10. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.04 and a quick ratio of 1.03. The company has a market cap of $285.81, a P/E ratio of 19.62 and a beta of 0.72.

Southern First Bancshares (NASDAQ:SFST) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02. Southern First Bancshares had a net margin of 21.10% and a return on equity of 11.10%. The firm had revenue of $15.85 million for the quarter, compared to analyst estimates of $15.22 million. equities analysts expect that Southern First Bancshares, Inc. will post 2.03 EPS for the current fiscal year.

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About Southern First Bancshares

Southern First Bancshares, Inc is a bank holding company 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.

Institutional Ownership by Quarter for Southern First Bancshares (NASDAQ:SFST)

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