What To Know About Piper Sandler's Upgrade of Southern First Bancshares

Piper Sandler upgraded its rating of Southern First Bancshares SFST to Overweight with a price target of $44.00, changing its price target from $34.00 to $44.00.

Shares of Southern First Bancshares are trading up 0.19% over the last 24 hours, at $36.89 per share.

A move to $44.00 would account for a 19.27% increase from the current share price.

About Southern First Bancshares

Southern First Bancshares Inc is a bank holding company. The primary business of the company is to serve as the holding company for Southern First Bank. The Bank is engaged in the business of accepting demand deposits and savings deposits insured by the Federal Deposit Insurance Corp and providing commercial, consumer, and mortgage loans to the general public. The operating segments of the company are Commercial and Retail Banking, Mortgage Banking, and Corporate Operations, of which a majority of the revenue is derived from the Commercial and Retail Banking segment which includes the provision of traditional deposit and lending products and services to its commercial and retail banking clients.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.