South Atlantic Bancshares (OTCMKTS:SABK) Stock Price Up 0.5% - Here's Why

Key Points

• South Atlantic Bancshares' stock price increased by 0.5%, trading at $17.27, with a significant drop in trading volume compared to the average.
• The company reported earnings of $0.48 per share for the previous quarter, exceeding expectations by $0.03, with revenue of $15.13 million.
• South Atlantic Bancshares has a market capitalization of $129.53 million, a price-to-earnings ratio of 10.40, and maintains relatively low volatility with a beta of 0.18.

South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report) shares were up 0.5% during trading on Friday . The stock traded as high as $17.27 and last traded at $17.27. Approximately 1,241 shares changed hands during trading, a decline of 47% from the average daily volume of 2,336 shares. The stock had previously closed at $17.19.

South Atlantic Bancshares Stock Performance

The firm has a 50 day simple moving average of $16.45 and a 200 day simple moving average of $15.65. The firm has a market capitalization of $129.53 million, a PE ratio of 10.40 and a beta of 0.21.

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