South Atlantic Bancshares (OTCMKTS:SABK) Stock Price Up 0.2% - What's Next?

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 were up 0.2% during trading on Thursday . The company traded as high as $16.47 and last traded at $16.44. Approximately 1,350 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 4,723 shares. The stock had previously closed at $16.41.

South Atlantic Bancshares Stock Up 0.2%

The business has a fifty day simple moving average of $15.92 and a 200 day simple moving average of $15.49. The company has a market cap of $123.53 million, a price-to-earnings ratio of 9.92 and a beta of 0.18.

South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $15.13 million during the quarter, compared to analyst estimates of $13.92 million. Equities analysts anticipate that South Atlantic Bancshares, Inc. will post 1.35 EPS for the current fiscal year.

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.