South Atlantic Bancshares (OTCMKTS:SABK) Shares Down 0.1% - Time to Sell?

Shares of South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report) fell 0.1% during trading on Friday . The stock traded as low as $15.83 and last traded at $15.97. 2,409 shares traded hands during trading, a decline of 18% from the average session volume of 2,956 shares. The stock had previously closed at $15.98.

South Atlantic Bancshares Stock Performance

The firm's fifty day moving average is $15.65 and its 200 day moving average is $15.41. The firm has a market cap of $119.78 million, a P/E ratio of 10.79 and a beta of 0.16.

South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The business had revenue of $14.28 million during the quarter, compared to analysts' expectations of $13.70 million. As a group, equities research analysts forecast that South Atlantic Bancshares, Inc. will post 1.35 EPS 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.