Shares of South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report) shot up 1.3% during trading on Wednesday . The company traded as high as $15.95 and last traded at $15.50. 1,613 shares changed hands during trading, a decline of 46% from the average session volume of 3,006 shares. The stock had previously closed at $15.30.
South Atlantic Bancshares Stock Performance
The business's 50 day moving average price is $15.38 and its two-hundred day moving average price is $15.46. The company has a market capitalization of $117.79 million, a price-to-earnings ratio of 13.02 and a beta of 0.19.
South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $14.28 million for the quarter, compared to the consensus estimate of $13.70 million. On average, sell-side analysts expect that South Atlantic Bancshares, Inc. will post 1.35 earnings per share for the current year.
About South Atlantic Bancshares
(
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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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