Balentine Lowers stake in Southern First Bancshares (SFST)

Southern First Bancshares (SFST) : Balentine reduced its stake in Southern First Bancshares by 4.34% during the most recent quarter end. The investment management company now holds a total of 44,052 shares of Southern First Bancshares which is valued at $1.1 Million after selling 2,000 shares in Southern First Bancshares , the firm said in a disclosure report filed with the SEC on May 11, 2016.Southern First Bancshares makes up approximately 0.28% of Balentine’s portfolio.

Other Hedge Funds, Including , Mufg Americas Holdings Corp reduced its stake in SFST by selling 170 shares or 41.46% in the most recent quarter. The Hedge Fund company now holds 240 shares of SFST which is valued at $6,108.Manufacturers Life Insurance Company The boosted its stake in SFST in the latest quarter, The investment management firm added 1,377 additional shares and now holds a total of 342,013 shares of Southern First Bancshares which is valued at $8.7 Million. Southern First Bancshares makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio.Blackrock Investment Management reduced its stake in SFST by selling 60 shares or 6.15% in the most recent quarter. The Hedge Fund company now holds 916 shares of SFST which is valued at $23,312.Rmb Capital Management boosted its stake in SFST in the latest quarter, The investment management firm added 7,737 additional shares and now holds a total of 227,687 shares of Southern First Bancshares which is valued at $5.8 Million. Southern First Bancshares makes up approx 0.43% of Rmb Capital Management’s portfolio.

Southern First Bancshares opened for trading at $25.33 and hit $25.7499 on the upside on Monday, eventually ending the session at $25.66, with a gain of 0.83% or 0.21 points. The heightened volatility saw the trading volume jump to 7,639 shares. Company has a market cap of $163 M.

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 nine retail offices located in Greenville Columbia and Charleston South Carolina. The Bank is primarily engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corporation (the FDIC) and providing commercial consumer and mortgage loans to the general public. The Trusts primarily issues trust preferred securities. In addition to deposit and loan services the Company offers other bank services such as Internet banking cash management services safe deposit boxes direct deposit and automatic drafts for various accounts. The Company also offers Internet banking services bill payment services and cash management and mobile banking services.

Leave a Reply

Southern First Bancshares - Is it time to Sell?

Top Brokerage Firms are advising their investors on Southern First Bancshares. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.