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PFE   32.08 (-0.06%)
PYPL   58.18 (+1.46%)
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OTCMKTS:SABK

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

$10.10
-0.10 (-0.98%)
(As of 09/28/2023 ET)
Compare
Today's Range
$9.96
$10.10
50-Day Range
$9.95
$11.70
52-Week Range
$9.75
$15.33
Volume
1,200 shs
Average Volume
4,658 shs
Market Capitalization
$76.36 million
P/E Ratio
5.84
Dividend Yield
0.99%
Price Target
$14.00

South Atlantic Bancshares MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
38.6% 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

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See More Headlines
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SABK Company Calendar

Last Earnings
7/25/2023
Today
9/28/2023
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
+38.6%
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
$76.36 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 Wall Street 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 predict the company's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 38.6% 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 25.7% and is now trading at $10.10.
View the best growth stocks for 2023 here
.

Are investors shorting South Atlantic Bancshares?

South Atlantic Bancshares saw a decrease in short interest in August. As of August 31st, there was short interest totaling 300 shares, a decrease of 81.3% from the August 15th total of 1,600 shares. Based on an average daily trading 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) announced its quarterly earnings results on Tuesday, July, 25th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by $0.03. The business earned $11.81 million during the quarter, compared to analysts' expectations 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 $10.10.

How much money does South Atlantic Bancshares make?

South Atlantic Bancshares (OTCMKTS:SABK) has a market capitalization of $76.36 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 9/28/2023 by MarketBeat.com Staff

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