Why Rmb Capital Management Reported Southern First Bancshares Inc Position?

February 14, 2018 - By Marguerite Chambers

 Why Rmb Capital Management Reported Southern First Bancshares Inc Position?

Investors sentiment decreased to 1.88 in Q3 2017. Its down 0.59, from 2.47 in 2017Q2. It is negative, as 6 investors sold Southern First Bancshares, Inc. shares while 11 reduced holdings. 5 funds opened positions while 27 raised stakes. 4.90 million shares or 0.12% less from 4.90 million shares in 2017Q2 were reported.

Strs Ohio invested 0% of its portfolio in Southern First Bancshares, Inc. (NASDAQ:SFST). Illinois-based Banc Funds Ltd Limited Liability Company has invested 1.01% in Southern First Bancshares, Inc. (NASDAQ:SFST). Moreover, Livingston Gp Asset Mngmt (Operating As Southport Capital Management) has 0.1% invested in Southern First Bancshares, Inc. (NASDAQ:SFST). Renaissance Tech Ltd invested in 71,091 shares. Barclays Public Ltd invested 0% in Southern First Bancshares, Inc. (NASDAQ:SFST). Northern, a Illinois-based fund reported 68,043 shares. Geode Cap Mngmt Ltd Company invested in 62,694 shares. Cornerstone Capital Mngmt Limited Liability has 0% invested in Southern First Bancshares, Inc. (NASDAQ:SFST). Wellington Mgmt Grp Limited Liability Partnership has invested 0.01% in Southern First Bancshares, Inc. (NASDAQ:SFST). Rmb Cap Management Ltd Liability Co has invested 0.17% in Southern First Bancshares, Inc. (NASDAQ:SFST). Alliancebernstein Limited Partnership reported 83,126 shares. Bancorp Of America De owns 309 shares or 0% of their US portfolio. Tower Cap Limited Liability Corporation (Trc) owns 0% invested in Southern First Bancshares, Inc. (NASDAQ:SFST) for 1,043 shares. The Pennsylvania-based Vanguard Grp has invested 0% in Southern First Bancshares, Inc. (NASDAQ:SFST). Globeflex Capital Limited Partnership stated it has 3,017 shares or 0.03% of all its holdings.

Since August 14, 2017, it had 0 buys, and 2 sales for $218,054 activity. $210,607 worth of Southern First Bancshares, Inc. (NASDAQ:SFST) was sold by Dowling Michael D.

The New Rmb Capital Management Holding in Southern First Bancshares Inc

Rmb Capital Management reported SC 13G/A form with the SEC for Southern First Bancshares Inc. Access it here: 000117266118000477. As reported by Rmb Capital Management, the filler owns 5.4% or 394,077 shares of the Finance–company.

Southern First Bancshares Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Rmb Capital Management’s positive view for Southern First Bancshares Inc. For a hedge fund managing $3.98 billion in assets and having 75+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Rmb Capital Management’s portfolio is in the sector.

Southern First Bancshares Inc Institutional Sentiment

Filings show 28 investors own Southern First Bancshares Inc. The ownership in Q3 2015 is low, at 46.66 % of the outstanding shares. This is decreased by 148023. 3415429 were owned by these investors. 1 funds opened new Southern First Bancshares Inc stakes, 9 increased positions. There were 4 that closed positions and 4 reduced them.

Anton Schutz Mendon Capital Advisors Corp is an investor bullish on Southern First Bancshares Inc, owning 119379 shares as of Q3 2015 for 0.68% of its portfolio. Fj Capital Management Llc owns 105000 shares or 0.47% of its portfolio. VA Ejf Capital Llc have 0.50% of its portfolio for 507123 shares. Further, Banc Funds Co Llc reported stake worth 0.70% of its portfolio. The MA Castine Capital Management Llc owns 166796 shares. Southern First Bancshares Inc is 1.55% of its portfolio.

Business 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. 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 public. 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 Bank offers a range of lending services, including real estate, commercial, and equity-line consumer loans to individuals and small- to medium-sized businesses, and professional firms.

SEC Form 13G.

Rmb Capital Management website.

The stock decreased 0.46% or $0.2 during the last trading session, reaching $42.95. About 3,840 shares traded. Southern First Bancshares, Inc. (NASDAQ:SFST) has risen 34.98% since February 14, 2017 and is uptrending. It has outperformed by 18.28% the S&P500.

Southern First Bancshares, Inc. operates as the holding firm for Southern First Bank that provides various banking services and products to general public in South Carolina. The company has market cap of $315.60 million. It accepts various deposit products that include checking accounts, commercial checking accounts, savings accounts, and other time deposits. It has a 24.4 P/E ratio. The company's loan portfolio comprises commercial real estate loans; construction real estate loans; commercial business loans for various lines of businesses, such as the manufacturing, service industry, and professional service areas; consumer real estate and home equity loans; and other consumer loans, including secured and unsecured installment loans and revolving lines of credit.

Southern First Bancshares, Inc. (NASDAQ:SFST) Ratings Coverage

Among 4 analysts covering Southern First Bancshares (NASDAQ:SFST), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Southern First Bancshares has $50.0 highest and $24 lowest target. $32.67’s average target is -23.93% below currents $42.95 stock price. Southern First Bancshares had 4 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of Southern First Bancshares, Inc. (NASDAQ:SFST) earned “Buy” rating by Sandler O’Neill on Thursday, January 25. Keefe Bruyette & Woods downgraded Southern First Bancshares, Inc. (NASDAQ:SFST) on Tuesday, November 29 to “Mkt Perform” rating. The firm has “Outperform” rating by Wood given on Thursday, August 20.

Another recent and important Southern First Bancshares, Inc. (NASDAQ:SFST) news was published by Prnewswire.com which published an article titled: “Southern First Bancshares, Inc. Announces Pricing of Public Offering of Common …” on April 27, 2017.

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