South Atlantic Bancshares (OTCMKTS:SABK) Shares Up 0.2% - Here's Why

Key Points

• South Atlantic Bancshares' stock increased by 0.2% to $16.44, with trading volume significantly down 71% compared to the average.
• The company reported earnings per share of $0.48 for the last quarter, exceeding analysts' expectations of $0.45, along with revenues of $15.13 million.
• South Atlantic Bancshares operates as a bank holding company providing a range of financial services including consumer and commercial banking in South Carolina.

South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report)'s share price traded up 0.2% during trading on Thursday . The stock traded as high as $16.47 and last traded at $16.44. 1,350 shares were traded during trading, a decline of 71% from the average session volume of 4,723 shares. The stock had previously closed at $16.41.

South Atlantic Bancshares Stock Performance

The business has a 50 day simple moving average of $15.88 and a two-hundred day simple moving average of $15.49. The firm has a market capitalization of $123.30 million, a P/E ratio of 9.90 and a beta of 0.18.

South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The company had revenue of $15.13 million for the quarter, compared to the consensus estimate of $13.92 million. On average, equities analysts anticipate that South Atlantic Bancshares, Inc. will post 1.35 earnings per share for the current fiscal 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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