BlackRock Inc. Increases Position in Southern First Bancshares, Inc. (SFST)
Fintel reports that BlackRock Inc. has filed a 13G form with the SEC disclosing ownership of 0.70MM shares of Southern First Bancshares, Inc. (SFST). This represents 8.7% of the company.
In their previous filing dated February 3, 2022 they reported 0.52MM shares and 6.50% of the company, an increase in shares of 35.34% and an increase in total ownership of 2.20% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 26.57% Upside
As of January 24, 2023, the average one-year price target for Southern First Bancshares is $51.43. The forecasts range from a low of $49.49 to a high of $53.81. The average price target represents an increase of 26.57% from its latest reported closing price of $40.63.
The projected annual revenue for Southern First Bancshares is $109MM, an increase of 7.68%. The projected annual EPS is $4.34, an increase of 18.51%.
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