Southern First Bancshares Receives Downgrade from StockNews.com

Southern First Bancshares SFST, the holding company behind Southern First Bank, has experienced a significant shift in its stock rating. Equity research analysts at StockNews.com have revised their stance on the company from a 'hold' to a 'sell' rating, delivering this update in a report published on Wednesday. Operating in South Carolina, North Carolina, and Georgia, Southern First Bancshares provides a range of banking products and services to the public through its branches. The company has its headquarters nestled in Greenville, South Carolina, a fitting location for this Southern-focused banking institution.

Market Reaction to the Downgraded Rating

Following the announcement by StockNews.com, shares of SFST commenced trading at $29.04 on the said Wednesday. This rating change reflects the analysts' current view on the potential future performance of Southern First Bancshares' stock, hinting at a more cautious investment outlook. Investors and clients of the bank holding company were promptly notified of the downgraded rating, as it has direct implications for investment decisions regarding SFST shares.

About Southern First Bancshares

Southeastern banking has been the forte of Southern First Bancshares, which, through its principal subsidiary Southern First Bank, offers diverse banking services. Catering to the financial needs of the people in its operational states, the company has secured a place in the banking community for providing reliable services.

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