South Atlantic Bancshares (OTCMKTS:SABK) Posts Quarterly Earnings Results

Key Points

• South Atlantic Bancshares reported quarterly earnings with an EPS of $0.57, exceeding analysts' expectations of $0.50 by $0.07.
• During trading, SABK stock increased by $0.17, reaching a price of $17.42, with a market capitalization of $130.65 million.
• The company operates as a bank holding company for South Atlantic Bank, offering a range of consumer and commercial banking products in South Carolina.

South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.07, Zacks reports.

South Atlantic Bancshares Price Performance

SABK stock traded up $0.17 during mid-day trading on Thursday, reaching $17.42. 19,205 shares of the company traded hands, compared to its average volume of 3,636. The company has a fifty day moving average price of $17.23 and a 200-day moving average price of $16.24. South Atlantic Bancshares has a 52-week low of $13.77 and a 52-week high of $20.10. The company has a market capitalization of $130.65 million, a P/E ratio of 10.49 and a beta of 0.20.

South Atlantic Bancshares Company Profile

South Atlantic Bancshares, Inc operates as the bank holding company for South Atlantic Bank that provides consumer and commercial banking products and services to individuals, small businesses, and corporations in South Carolina. The company offers checking, money market, and saving accounts, as well as certificate of deposit, individual retirement, and health saving accounts; personal, auto, and recreation loans, as well as home equity and ready reserve overdraft line of credits, and commercial lending products; and credit cards.

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