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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Laser breakthrough could send stock soaring 2,467% (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Laser breakthrough could send stock soaring 2,467% (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
MarketBeat Week in Review – 9/25 - 9/29
His system isolated NVIDIA - Here's His Next Buy. (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Laser breakthrough could send stock soaring 2,467% (Ad)
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
OTCMKTS:SABK

South Atlantic Bancshares (SABK) Stock Forecast, Price & News

$10.19
+0.09 (+0.89%)
(As of 09/29/2023 ET)
Compare
Today's Range
$9.90
$10.19
50-Day Range
$9.95
$11.70
52-Week Range
$9.75
$15.33
Volume
11,625 shs
Average Volume
2,360 shs
Market Capitalization
$77.08 million
P/E Ratio
5.89
Dividend Yield
0.98%
Price Target
$14.00

South Atlantic Bancshares MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
37.4% Upside
$14.00 Price Target
Short Interest
Healthy
0.00% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
1.56%
From $1.28 to $1.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.18 out of 5 stars


SABK stock logo

About South Atlantic Bancshares (OTCMKTS:SABK) Stock

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. It also provides cash management and merchant card services; remote deposit capture and automated clearing house services; online, mobile, and telephone banking services; personal and business checks; mortgage products and services; and wealth management services. The company operates offices in Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton, Hilton Head Island, and Beaufort, South Carolina. South Atlantic Bancshares, Inc. was founded in 2007 and is headquartered in Myrtle Beach, South Carolina.

SABK Price History

SABK Stock News Headlines

Warren Buffett: Stark Warning On Inflation
According to a recent letter to Berkshire Hathaway shareholders, “Billionaire Investment Guru Warren Buffett issues stark inflation warning”. The new numbers have shown a comeback for inflation, surging to its highest levels in six months, and it’s now looking like there’s little chance our policy makers can put this cat back in the bag. That’s why it’s critical you heed Warren’s Buffett’s advice and “brace yourself”, before it’s too late. Get your hands on this FREE Wealth Protection Kit today and learn how you could shield your savings and investments before it’s too late!
See More Headlines
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SABK Company Calendar

Last Earnings
7/25/2023
Today
10/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
N/A
Sub-Industry
N/A
Sector
Finance
Current Symbol
OTCMKTS:SABK
CIK
N/A
Fax
N/A
Employees
170
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.00
High Stock Price Forecast
$14.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+37.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$53.77 million

Miscellaneous

Free Float
N/A
Market Cap
$77.08 million
Optionable
Not Optionable
Beta
0.47
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Key Executives

  • Mr. K. Wayne Wicker (Age 58)
    Chairman & CEO
  • Mr. R. Scott Plyler (Age 52)
    Pres & Director
  • Mr. Matthew H. Hobert CPA
    Exec. VP & CFO
  • Mr. Travis A. Minter
    Exec. VP & COO
  • Ms. Melissa K. Downs-High
    Sr. VP & Principal Accounting Officer
  • Jennifer L. Peterson
    Sr. VP & Director of Internal Audit and Compliance
  • Carrie S. Harris
    Sr. VP & Director of HR
  • Mr. C. Alec Elmore
    Exec. VP & Chief Credit Officer
  • Candace L. Cherry
    Sr. VP of Corp. Liaison
  • Ms. Tiffany Platt Suggs
    Sr. VP & Director of Project Management













SABK Stock - Frequently Asked Questions

Should I buy or sell South Atlantic Bancshares stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for South Atlantic Bancshares in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SABK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SABK, but not buy additional shares or sell existing shares.
View SABK analyst ratings
or view top-rated stocks.

What is South Atlantic Bancshares' stock price forecast for 2023?

1 equities research analysts have issued 1 year price objectives for South Atlantic Bancshares' shares. Their SABK share price forecasts range from $14.00 to $14.00. On average, they expect the company's share price to reach $14.00 in the next twelve months. This suggests a possible upside of 37.4% from the stock's current price.
View analysts price targets for SABK
or view top-rated stocks among Wall Street analysts.

How have SABK shares performed in 2023?

South Atlantic Bancshares' stock was trading at $13.60 at the beginning of 2023. Since then, SABK shares have decreased by 25.1% and is now trading at $10.19.
View the best growth stocks for 2023 here
.

Are investors shorting South Atlantic Bancshares?

South Atlantic Bancshares saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 300 shares, a drop of 81.3% from the August 15th total of 1,600 shares. Based on an average daily volume of 7,300 shares, the short-interest ratio is presently 0.0 days.
View South Atlantic Bancshares' Short Interest
.

How were South Atlantic Bancshares' earnings last quarter?

South Atlantic Bancshares, Inc. (OTCMKTS:SABK) issued its quarterly earnings data on Tuesday, July, 25th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.03. The firm had revenue of $11.81 million for the quarter, compared to the consensus estimate of $12.30 million.

Is South Atlantic Bancshares a good dividend stock?

South Atlantic Bancshares (OTCMKTS:SABK) pays an annual dividend of $0.10 per share and currently has a dividend yield of 0.98%. The dividend payout ratio is 5.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SABK will have a dividend payout ratio of 7.69% next year. This indicates that the company will be able to sustain or increase its dividend.

What is South Atlantic Bancshares' stock symbol?

South Atlantic Bancshares trades on the OTCMKTS under the ticker symbol "SABK."

How do I buy shares of South Atlantic Bancshares?

Shares of SABK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is South Atlantic Bancshares' stock price today?

One share of SABK stock can currently be purchased for approximately $10.19.

How much money does South Atlantic Bancshares make?

South Atlantic Bancshares (OTCMKTS:SABK) has a market capitalization of $77.08 million and generates $53.77 million in revenue each year.

How many employees does South Atlantic Bancshares have?

The company employs 170 workers across the globe.

How can I contact South Atlantic Bancshares?

The official website for the company is www.southatlantic.bank. The company can be reached via phone at 843-839-0100.

This page (OTCMKTS:SABK) was last updated on 10/1/2023 by MarketBeat.com Staff

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