South Atlantic Bancshares (SABK) to Release Quarterly Earnings on Wednesday

Key Points

• South Atlantic Bancshares (SABK) is set to report its quarterly earnings on October 22nd, with analysts predicting earnings of $0.50 per share.
• The company recently reported $0.48 EPS in its last earnings release, surpassing expectations by $0.03 and achieving revenue of $15.13 million.
• As of the current trading day, South Atlantic Bancshares' stock opened at $16.99 with a 52-week range between $13.77 and $20.10.

South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) is expected to release its results before the market opens on Wednesday, October 22nd. Analysts expect South Atlantic Bancshares to post earnings of $0.50 per share for the quarter.

South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $15.13 million during the quarter, compared to the consensus estimate of $13.92 million. On average, analysts expect South Atlantic Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

South Atlantic Bancshares Stock Performance

Shares of OTCMKTS SABK opened at $16.99 on Wednesday. South Atlantic Bancshares has a 52 week low of $13.77 and a 52 week high of $20.10. The stock has a market capitalization of $127.43 million, a PE ratio of 10.24 and a beta of 0.20. The stock has a 50 day moving average price of $17.20 and a 200 day moving average price of $16.18.

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.

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