Southern First Bancshares Inc. (NASDAQ:SFST) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report released on Tuesday.

Separately, Zacks Investment Research raised shares of Southern First Bancshares from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, September 21st.

Shares of Southern First Bancshares (NASDAQ:SFST) opened at 32.00 on Tuesday. The firm has a market cap of $204.22 million, a PE ratio of 17.02 and a beta of 0.49. The firm has a 50-day moving average of $28.31 and a 200 day moving average of $27.09. Southern First Bancshares has a 52-week low of $21.15 and a 52-week high of $33.47.

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In related news, CFO Michael D. Dowling sold 2,500 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $31.60, for a total transaction of $79,000.00. Following the completion of the sale, the chief financial officer now owns 26,464 shares of the company’s stock, valued at $836,262.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President F Justin Strickland sold 24,773 shares of the company’s stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $30.64, for a total transaction of $759,044.72. Following the sale, the president now directly owns 62,691 shares of the company’s stock, valued at approximately $1,920,852.24. The disclosure for this sale can be found here. Corporate insiders own 14.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in Southern First Bancshares by 0.4% in the second quarter. Alliancebernstein L.P. now owns 95,865 shares of the company’s stock valued at $2,310,000 after buying an additional 400 shares in the last quarter. BlackRock Institutional Trust Company N.A. purchased a new stake in Southern First Bancshares during the second quarter valued at $965,000. BlackRock Fund Advisors boosted its stake in Southern First Bancshares by 14,042.8% in the second quarter. BlackRock Fund Advisors now owns 134,781 shares of the company’s stock valued at $3,248,000 after buying an additional 133,828 shares in the last quarter. BlackRock Investment Management LLC boosted its stake in Southern First Bancshares by 2,450.3% in the second quarter. BlackRock Investment Management LLC now owns 23,361 shares of the company’s stock valued at $563,000 after buying an additional 22,445 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Southern First Bancshares by 9.2% in the second quarter. Vanguard Group Inc. now owns 182,395 shares of the company’s stock valued at $4,396,000 after buying an additional 15,421 shares in the last quarter. 62.65% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:SFST

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