Piper Sandler raised the firm's price target on Southern First Bancshares to $64 from $54 and keeps an Overweight rating on the shares. The firm says the company reported better than expected Q4 2025 results, led by materially lower expenses, minimal credit costs, and better than expected deposit growth. The deposit strength also showed in lower funding costs, helping the net interest margin to once again best Piper's expectations.
