Southern First Bancshares, Inc. (NASDAQ:SFST) Position Boosted by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust raised its position in Southern First Bancshares, Inc. (NASDAQ:SFST) by 54.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,032 shares of the bank’s stock after buying an additional 25,000 shares during the period. Emerald Mutual Fund Advisers Trust owned about 1.10% of Southern First Bancshares worth $2,632,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Southern First Bancshares by 8.1% in the first quarter. Wellington Management Group LLP now owns 415,019 shares of the bank’s stock worth $13,550,000 after buying an additional 31,186 shares during the period. Mendon Capital Advisors Corp increased its stake in shares of Southern First Bancshares by 0.6% in the first quarter. Mendon Capital Advisors Corp now owns 289,852 shares of the bank’s stock worth $9,464,000 after buying an additional 1,605 shares during the period. Vanguard Group Inc. increased its stake in shares of Southern First Bancshares by 2.1% in the first quarter. Vanguard Group Inc. now owns 188,062 shares of the bank’s stock worth $6,140,000 after buying an additional 3,958 shares during the period. State Street Corp increased its stake in shares of Southern First Bancshares by 10.0% in the fourth quarter. State Street Corp now owns 74,133 shares of the bank’s stock worth $2,669,000 after buying an additional 6,728 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Southern First Bancshares by 181.4% in the first quarter. Geode Capital Management LLC now owns 57,829 shares of the bank’s stock worth $1,888,000 after buying an additional 37,277 shares during the period. 59.14% of the stock is owned by institutional investors.

Southern First Bancshares, Inc. (SFST) traded down 0.42% during mid-day trading on Friday, hitting $35.90. The stock had a trading volume of 36,143 shares. The firm has a market cap of $262.57 million, a PE ratio of 18.43 and a beta of 0.65. The company has a 50-day moving average of $36.73 and a 200-day moving average of $34.64. Southern First Bancshares, Inc. has a 12-month low of $24.53 and a 12-month high of $38.55.

Southern First Bancshares (NASDAQ:SFST) last issued its earnings results on Tuesday, July 25th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. Southern First Bancshares had a net margin of 20.68% and a return on equity of 11.39%. The firm had revenue of $14.92 million for the quarter, compared to analysts’ expectations of $14.21 million. Analysts expect that Southern First Bancshares, Inc. will post $2.03 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was reported by BNB Daily and is the property of of BNB Daily. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/emerald-mutual-fund-advisers-trust-has-2-63-million-position-in-southern-first-bancshares-inc-nasdaqsfst-updated-updated.html.

SFST has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Southern First Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. BidaskClub downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. ValuEngine raised Southern First Bancshares from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Sandler O’Neill raised Southern First Bancshares from a “hold” rating to a “buy” rating and boosted their target price for the company from $35.00 to $38.00 in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $38.33.

In other Southern First Bancshares news, CFO Michael D. Dowling sold 750 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,098,252. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael D. Dowling sold 5,850 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $36.00, for a total transaction of $210,600.00. Following the completion of the transaction, the chief financial officer now directly owns 36,107 shares in the company, valued at approximately $1,299,852. The disclosure for this sale can be found here. Insiders sold 16,927 shares of company stock worth $611,937 in the last three months. 14.50% of the stock is currently owned by corporate insiders.

Southern First Bancshares Company Profile

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)

Receive News & Ratings for Southern First Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern First Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply