SCHEDULE 13G: Endeavour Capital Advisors and Affiliates Disclose 7.1% Passive Stake in Southern First Bancshares

Endeavour Capital Advisors Inc. and its affiliated entities have reported a combined beneficial ownership of 7.1% in Southern First Bancshares, Inc. common stock, held for passive investment purposes.

Summary

• Endeavour Capital Advisors Inc., Endeavour Regional Bank Opportunities Fund II L.P., Laurence M. Austin, Mitchell J. Katz, and Jonah Marcus have jointly filed a Schedule 13G.
• The filing discloses beneficial ownership of Common Stock, par value $0.01 per share, of Southern First Bancshares, Inc. (Issuer).
• Endeavour Capital Advisors Inc., Laurence M. Austin, Mitchell J. Katz, and Jonah Marcus each beneficially own 580,408 shares, representing 7.1% of the class.
• Endeavour Regional Bank Opportunities Fund II L.P. beneficially owns 410,738 shares, representing 5.0% of the class.
• All reported shares are held with shared voting power and shared dispositive power.
• The ownership percentages are based on approximately 8,165,000 shares of Common Stock outstanding, as reported in the Issuer's Form 8-K filed on January 28, 2025.
• The securities were acquired and are held for passive investment purposes, not for changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The filing indicates significant institutional investment, which can be viewed positively as a vote of confidence in the company, but it does not contain operational or financial performance data to assess overall sentiment beyond ownership.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or strategic direction, as it is solely a disclosure of beneficial ownership for passive investment purposes.

Industry Context

Schedule 13G filings are mandatory disclosures by investors who acquire beneficial ownership of more than 5% of a company's voting equity securities, indicating a passive investment intent. This filing signals that Endeavour Capital Advisors and its affiliates view Southern First Bancshares as an attractive investment, potentially increasing institutional interest in the regional banking sector.

Stakeholder Impact

• Shareholders may view the increased institutional ownership as a positive signal, potentially leading to increased liquidity and investor confidence in Southern First Bancshares, Inc.

Key Dates

Keywords

Southern First Bancshares, SFST, Endeavour Capital Advisors, Endeavour Regional Bank Opportunities Fund, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Passive Investment