Southern First Bancshares rises as Piper Sandler assumes coverage with 'overweight'

Southern First Bancshares

10/06/2025 20:06

** Shares of lender Southern First Bancshares SFST.O 4.3% to $36.49

** Piper Sandler assumes coverage with an "overweight" rating and PT of $43, a nearly 30% upside to last close

** SFST is on a path to an improved balance sheet  construction, while also benefiting from fixed-rate loan repricings and a liability-sensitive balance sheet as rates eventually decline - brokerage

** Piper says SFST should see a positive trend line over the next few years, with further benefits to earnings coming if rates decline

** SFST has fallen 12% YTD, as of last close

 (Reporting by Juby Babu in Mexico City)

 ((Juby.Babu@thomsonreuters.com;))