Southern First Bancshares (SFST) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Nov 29, 2016.
Southern First Bancshares opened for trading at $32.25 and hit $32.25 on the upside on Friday, eventually ending the session at $32.1, with a gain of 0.31% or 0.1 points. The heightened volatility saw the trading volume jump to 6,645 shares. Company has a market cap of $205 M.
In a different news, on Nov 23, 2016, Michael D Dowling (EVP, CFO) sold 2,500 shares at $31.61 per share price. According to the SEC, on Nov 18, 2016, F Justin Strickland (President) sold 24,773 shares at $30.78 per share price. On Aug 19, 2016, Fred Jr Gilmer (director) sold 2,000 shares at $27.25 per share price, according to the Form-4 filing with the securities and exchange commission.
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.