Mendon Capital Advisors Corp buys $7,788,977 stake in Southern First Bancshares (SFST)

Southern First Bancshares (SFST) : Mendon Capital Advisors Corp scooped up 136,570 additional shares in Southern First Bancshares during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 291,722 shares of Southern First Bancshares which is valued at $7,788,977.Southern First Bancshares makes up approximately 1.42% of Mendon Capital Advisors Corp’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System added SFST to its portfolio by purchasing 12,018 company shares during the most recent quarter which is valued at $320,881. Strs Ohio added SFST to its portfolio by purchasing 1,900 company shares during the most recent quarter which is valued at $53,124. Bnp Paribas Arbitrage Sa added SFST to its portfolio by purchasing 227 company shares during the most recent quarter which is valued at $6,072.

Southern First Bancshares opened for trading at $26.301 and hit $27.24 on the upside on Monday, eventually ending the session at $27.04, with a gain of 0.22% or 0.06 points. The heightened volatility saw the trading volume jump to 5,265 shares. Company has a market cap of $172 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.

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