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The latest update is out from Southern First Bancshares ( (SFST) ).
Southern First Bancshares, Inc. has announced a share repurchase plan authorizing the buyback of up to $5 million, or approximately 2%, of its common stock. This initiative is aimed at providing capital management opportunities, with the flexibility to adjust based on market conditions, stock prices, and regulatory requirements, although the company is not obligated to repurchase any shares.
The most recent analyst rating on (SFST) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Southern First Bancshares stock, see the SFST Stock Forecast page.
Spark’s Take on SFST Stock
According to Spark, TipRanks’ AI Analyst, SFST is a Neutral.
Southern First Bancshares exhibits strong financial performance with robust revenue growth and zero debt, providing a solid foundation for growth. The technical indicators show mixed momentum, which warrants close monitoring. The stock is fairly valued, enhancing its attractiveness. Recent positive corporate events further boost the outlook, reflecting effective management and strategic growth positioning. Overall, SFST presents a balanced investment opportunity with strengths in financial stability and growth potential, offset by neutral technical signals.
To see Spark’s full report on SFST stock, click here.
More about Southern First Bancshares
Average Trading Volume: 16,264
Technical Sentiment Signal: Hold
Current Market Cap: $291.9M
See more insights into SFST stock on TipRanks’ Stock Analysis page.