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

Profile Analyst Ratings Chart Competitors Earnings Short Interest

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

3.0

Analyst's Opinion

Consensus Rating
South Atlantic Bancshares has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $14.00, South Atlantic Bancshares has a forecasted upside of 38.6% from its current price of $10.10.
Amount of Analyst Coverage
South Atlantic Bancshares has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.00% of the outstanding shares of South Atlantic Bancshares have been sold short.
Short Interest Ratio / Days to Cover
South Atlantic Bancshares has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month

1.7

Dividend Strength

Dividend Yield
South Atlantic Bancshares has a dividend yield of 0.98%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
South Atlantic Bancshares does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of South Atlantic Bancshares is 5.78%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, South Atlantic Bancshares will have a dividend payout ratio of 7.69% next year. This indicates that South Atlantic Bancshares will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SABK.

N/A

News and Social Media Coverage

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, South Atlantic Bancshares insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 6.04% of the stock of South Atlantic Bancshares is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for South Atlantic Bancshares are expected to grow by 1.56% in the coming year, from $1.28 to $1.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of South Atlantic Bancshares is 5.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.26.
Price to Earnings Ratio vs. Sector
The P/E ratio of South Atlantic Bancshares is 5.84, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 74.80.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

SABK Stock News Headlines

April 19, 2022 | prnewswire.com

South Atlantic Bancshares, Inc. Reports Earnings of $0.26 per Diluted Common Share For the Three Months Ended March 31, 2022

January 25, 2022 | finance.yahoo.com

South Atlantic Bancshares, Inc. Reports Earnings of $1.42 per Diluted Common Share For the Year Ended December 31, 2021

September 28, 2023 | Micro-Cap Stock Trader (Ad)

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December 17, 2021 | prnewswire.com

South Atlantic Bancshares, Inc. Announces Private Placement of $30.0 Million of 3.25% Fixed-to-Floating Rate Subordinated Notes

April 20, 2021 | prnewswire.com

South Atlantic Bancshares, Inc. Reports Earnings of $0.46 per Diluted Common Share For the Three Months Ended March 31, 2021

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

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: N/A
Sub-Industry: N/A
Sector: Finance
Current Symbol: OTCMKTS:SABK
CUSIP: N/A
CIK: N/A
Web: www.southatlantic.bank
Phone: 843-839-0100
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

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 5.84
Forward P/E Ratio: 7.89
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $53.77 million
Price / Sales: 1.42
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 7,560,000
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

Key Competitors

View All Competitors

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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