First Trust Advisors LP lowered its position in Southern First Bancshares, Inc. (NASDAQ:SFST) by 12.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,619 shares of the bank’s stock after selling 1,998 shares during the quarter. First Trust Advisors LP owned approximately 0.20% of Southern First Bancshares worth $531,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SFST. Bank of America Corp DE grew its stake in 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 purchasing an additional 226 shares in the last quarter. Globeflex Capital L P purchased a new position in Southern First Bancshares in the second quarter valued at about $112,000. Rhumbline Advisers purchased a new position in Southern First Bancshares in the second quarter valued at about $253,000. OxFORD Asset Management LLP purchased a new position in Southern First Bancshares in the second quarter valued at about $312,000. Finally, New York State Common Retirement Fund grew its stake in Southern First Bancshares by 169.1% in the second quarter. New York State Common Retirement Fund now owns 8,592 shares of the bank’s stock valued at $318,000 after purchasing an additional 5,399 shares in the last quarter. Hedge funds and other institutional investors own 70.12% of the company’s stock.

In other Southern First Bancshares news, CFO Michael D. Dowling sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $42.29, for a total value of $169,160.00. Following the completion of the sale, the chief financial officer now owns 28,007 shares of the company’s stock, valued at $1,184,416.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President F Justin Strickland sold 1,250 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $39.00, for a total value of $48,750.00. Following the completion of the sale, the president now directly owns 62,889 shares of the company’s stock, valued at approximately $2,452,671. The disclosure for this sale can be found here. 12.85% of the stock is owned by insiders.

A number of research analysts have commented on SFST shares. BidaskClub downgraded Southern First Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. FIG Partners restated an “outperform” rating and issued a $42.00 target price (up previously from $40.00) on shares of Southern First Bancshares in a research note on Wednesday, October 4th. ValuEngine downgraded Southern First Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Zacks Investment Research downgraded Southern First Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Southern First Bancshares presently has an average rating of “Hold” and a consensus price target of $41.00.

Shares of Southern First Bancshares, Inc. (SFST) opened at $41.60 on Friday. Southern First Bancshares, Inc. has a 12-month low of $31.40 and a 12-month high of $43.20. The firm has a market capitalization of $305.57, a PE ratio of 20.98 and a beta of 0.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.04 and a quick ratio of 1.03.

Southern First Bancshares (NASDAQ:SFST) last announced its quarterly earnings results on Thursday, October 26th. The bank reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Southern First Bancshares had a return on equity of 11.10% and a net margin of 21.10%. The company had revenue of $15.85 million during the quarter, compared to analysts’ expectations of $15.22 million. sell-side analysts expect that Southern First Bancshares, Inc. will post 2.03 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “First Trust Advisors LP Sells 1,998 Shares of Southern First Bancshares, Inc. (SFST)” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright law. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/12/09/first-trust-advisors-lp-sells-1998-shares-of-southern-first-bancshares-inc-sfst.html.

Southern First Bancshares 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.

Want to see what other hedge funds are holding SFST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southern First Bancshares, Inc. (NASDAQ:SFST).

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.