South Atlantic Bancshares (OTCMKTS:SABK) Shares Down 0.1% - Here's What Happened

Key Points

• Shares of South Atlantic Bancshares, Inc. (OTCMKTS:SABK) decreased by 0.1% during Monday's trading, closing at $17.59 with a trading volume of approximately 2,242 shares.
• The company reported an earnings per share (EPS) of $0.48 for the last quarter, surpassing analyst estimates of $0.45 by $0.03, with revenues also exceeding expectations at $15.13 million.
• With a market capitalization of $131.93 million, South Atlantic Bancshares has a price-to-earnings ratio of 10.60 and is projected to achieve 1.35 EPS for the current year.

Shares of South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report) dropped 0.1% during trading on Monday . The stock traded as low as $17.42 and last traded at $17.59. Approximately 2,242 shares traded hands during trading, an increase of 5% from the average daily volume of 2,137 shares. The stock had previously closed at $17.60.

South Atlantic Bancshares Stock Performance

The stock has a market capitalization of $131.93 million, a price-to-earnings ratio of 10.60 and a beta of 0.21. The firm's fifty day simple moving average is $16.84 and its 200 day simple moving average is $15.91.

South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $15.13 million for the quarter, compared to analyst estimates of $13.92 million. Analysts forecast that South Atlantic Bancshares, Inc. will post 1.35 earnings per share for the current year.

About South Atlantic Bancshares

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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