Stieven Capital Advisors L.P. raised its stake in shares of Southern First Bancshares, Inc. (NASDAQ:SFST) by 47.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,740 shares of the bank’s stock after buying an additional 59,600 shares during the period. Stieven Capital Advisors L.P. owned about 2.54% of Southern First Bancshares worth $6,882,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SFST. Bank of America Corp DE raised its stake in shares of Southern First Bancshares by 7.9% in the first quarter. Bank of America Corp DE now owns 3,080 shares of the bank’s stock valued at $100,000 after buying an additional 226 shares during the last quarter. American International Group Inc. raised its stake in shares of Southern First Bancshares by 7.3% in the first quarter. American International Group Inc. now owns 3,534 shares of the bank’s stock valued at $115,000 after buying an additional 239 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Southern First Bancshares during the second quarter valued at about $253,000. Wells Fargo & Company MN raised its stake in shares of Southern First Bancshares by 22.3% in the first quarter. Wells Fargo & Company MN now owns 8,342 shares of the bank’s stock valued at $273,000 after buying an additional 1,519 shares during the last quarter. Finally, Martingale Asset Management L P raised its stake in shares of Southern First Bancshares by 11.2% in the first quarter. Martingale Asset Management L P now owns 10,902 shares of the bank’s stock valued at $356,000 after buying an additional 1,099 shares during the last quarter. Hedge funds and other institutional investors own 70.24% of the company’s stock.

Shares of Southern First Bancshares, Inc. (NASDAQ SFST) traded up 0.42% on Monday, hitting $35.80. 1,131 shares of the stock were exchanged. The stock’s 50-day moving average is $36.51 and its 200-day moving average is $34.68. The stock has a market cap of $261.84 million, a price-to-earnings ratio of 18.38 and a beta of 0.65. Southern First Bancshares, Inc. has a 1-year low of $24.53 and a 1-year high of $38.55.

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

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A number of brokerages have recently commented on SFST. BidaskClub downgraded shares of Southern First Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research downgraded shares of Southern First Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. ValuEngine downgraded shares of Southern First Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, Sandler O’Neill raised shares of Southern First Bancshares from a “hold” rating to a “buy” rating and lifted their price objective for the company from $35.00 to $38.00 in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Southern First Bancshares has an average rating of “Hold” and an average price target of $38.33.

In other Southern First Bancshares news, CFO Michael D. Dowling sold 5,850 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $36.00, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael D. Dowling sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $36.38, for a total value of $163,710.00. Following the completion of the transaction, the chief financial officer now owns 39,614 shares of the company’s stock, valued at $1,441,157.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,927 shares of company stock valued at $611,937. 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)

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