Southern First Bancshares In (SFST) Shareholder Mendon Capital Advisors Lowered Holding by $983,385; At&T (T) Market Value Declined While Albion Financial Group Lowered by $352,222 Its Stake

April 17, 2018 - By Maria Brooks

AT&T Inc. (NYSE:T) Logo

Anton Schutz decreased its stake in Southern First Bancshares In (SFST) by 7% based on its latest 2017Q4 regulatory filing with the SEC. Mendon Capital Advisors Corp sold 23,985 shares as the company’s stock rose 8.89% while stock markets declined. The hedge fund run by Anton Schutz held 318,874 shares of the finance company at the end of 2017Q4, valued at $13.15M, down from 342,859 at the end of the previous reported quarter. Mendon Capital Advisors Corp who had been investing in Southern First Bancshares In for a number of months, seems to be less bullish one the $337.35 million market cap company. The stock increased 0.55% or $0.25 during the last trading session, reaching $45.7. About 2,793 shares traded. Southern First Bancshares, Inc. (NASDAQ:SFST) has risen 37.12% since April 17, 2017 and is uptrending. It has outperformed by 25.57% the S&P500.

Albion Financial Group decreased its stake in At&T Inc. (T) by 11.5% based on its latest 2017Q4 regulatory filing with the SEC. Albion Financial Group sold 9,269 shares as the company’s stock declined 10.37% with the market. The institutional investor held 71,310 shares of the telecommunications equipment company at the end of 2017Q4, valued at $2.77 million, down from 80,579 at the end of the previous reported quarter. Albion Financial Group who had been investing in At&T Inc. for a number of months, seems to be less bullish one the $231.49B market cap company. The stock increased 1.42% or $0.5 during the last trading session, reaching $35.64. About 24.90 million shares traded. AT&T Inc. (NYSE:T) has declined 15.88% since April 17, 2017 and is downtrending. It has underperformed by 27.43% the S&P500.

Analysts await Southern First Bancshares, Inc. (NASDAQ:SFST) to report earnings on April, 24. They expect $0.61 EPS, up 32.61% or $0.15 from last year’s $0.46 per share. SFST’s profit will be $4.50M for 18.73 P/E if the $0.61 EPS becomes a reality.

Investors sentiment decreased to 1.65 in 2017 Q4. Its down 0.23, from 1.88 in 2017Q3. It is negative, as 4 investors sold SFST shares while 16 reduced holdings. 8 funds opened positions while 25 raised stakes. 4.88 million shares or 0.30% less from 4.90 million shares in 2017Q3 were reported. New York-based Tower Ltd Liability Co (Trc) has invested 0% in Southern First Bancshares, Inc. (NASDAQ:SFST). Alliancebernstein LP holds 0% or 60,230 shares in its portfolio. Northwestern Mutual Wealth Mngmt Com has 266 shares. Bridgeway Capital has invested 0.01% in Southern First Bancshares, Inc. (NASDAQ:SFST). Moreover, Ameritas Prns has 0% invested in Southern First Bancshares, Inc. (NASDAQ:SFST) for 447 shares. Renaissance Limited Liability Co has invested 0% in Southern First Bancshares, Inc. (NASDAQ:SFST). California State Teachers Retirement holds 10,618 shares. Cornerstone Holdg Ltd Liability Corp reported 0% stake. Stratos Wealth Prns Limited invested in 0% or 1,200 shares. Bancorp Of America De has 0% invested in Southern First Bancshares, Inc. (NASDAQ:SFST). 189,849 are owned by Castine Capital Management Ltd. Ejf Llc reported 0.83% in Southern First Bancshares, Inc. (NASDAQ:SFST). Dimensional Fund Lp has invested 0% in Southern First Bancshares, Inc. (NASDAQ:SFST). Price T Rowe Assoc Inc Md invested 0% of its portfolio in Southern First Bancshares, Inc. (NASDAQ:SFST). Basswood Cap Mngmt Ltd Liability Corp has 23,000 shares.

Since January 26, 2018, it had 0 insider purchases, and 5 sales for $379,459 activity. CUBBAGE LEIGHTON M had sold 1,440 shares worth $64,425 on Monday, March 26. The insider Dowling Michael D sold $75,230.

Mendon Capital Advisors Corp, which manages about $171.54 million and $1.05 billion US Long portfolio, upped its stake in Fifth Third Bancorp (Put) (NASDAQ:FITB) by 55,000 shares to 183,000 shares, valued at $5.55 million in 2017Q4, according to the filing. It also increased its holding in Carolina Finl Corp New (NASDAQ:CARO) by 74,062 shares in the quarter, for a total of 257,092 shares, and has risen its stake in Ishares Tr (Put) (IWM).

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 had 4 analyst reports since August 20, 2015 according to SRatingsIntel. Sandler O’Neill maintained Southern First Bancshares, Inc. (NASDAQ:SFST) rating on Thursday, January 25. Sandler O’Neill has “Buy” rating and $50.0 target. Wood maintained the stock with “Outperform” rating in Thursday, August 20 report. The firm earned “Mkt Perform” rating on Tuesday, November 29 by Keefe Bruyette & Woods.

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.26, from 1.17 in 2017Q3. It is negative, as 67 investors sold T shares while 714 reduced holdings. 125 funds opened positions while 589 raised stakes. 3.09 billion shares or 7.58% less from 3.34 billion shares in 2017Q3 were reported. Taurus Asset Limited owns 30,220 shares for 0.17% of their portfolio. Moreover, Outfitter Advsrs has 0.34% invested in AT&T Inc. (NYSE:T). Gamco Investors Et Al owns 1.32 million shares. Lpl Fin Ltd Liability reported 2.59M shares. Kwmg Limited Liability holds 46,427 shares. Gilman Hill Asset Mngmt Lc reported 15,547 shares. Bonness Ent invested in 44,800 shares. Blue Finance Capital reported 0.52% in AT&T Inc. (NYSE:T). Modera Wealth Mgmt Ltd Company stated it has 0.3% in AT&T Inc. (NYSE:T). Aristotle Mgmt Ltd Limited Liability Company invested 0% of its portfolio in AT&T Inc. (NYSE:T). Teacher Retirement Of Texas holds 0.63% or 2.44 million shares. Rwc Asset Mngmt Llp stated it has 31,843 shares or 0.07% of all its holdings. Lincoln reported 166,301 shares or 0.2% of all its holdings. United Kingdom-based Glg Prtn LP has invested 0.01% in AT&T Inc. (NYSE:T). Everett Harris And Co Ca owns 20,826 shares for 0.02% of their portfolio.

Albion Financial Group, which manages about $833.04M and $656.71 million US Long portfolio, upped its stake in Vanguard Ftse All (VEU) by 8,411 shares to 528,666 shares, valued at $28.93 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Short (VCSH) by 11,561 shares in the quarter, for a total of 172,167 shares, and has risen its stake in Honeywell Intl Inc (NYSE:HON).

Analysts await AT&T Inc. (NYSE:T) to report earnings on April, 25 after the close. They expect $0.87 EPS, up 17.57% or $0.13 from last year’s $0.74 per share. T’s profit will be $5.65 billion for 10.24 P/E if the $0.87 EPS becomes a reality. After $0.78 actual EPS reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 11.54% EPS growth.

Southern First Bancshares, Inc. (NASDAQ:SFST) Institutional Positions Chart

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