South Atlantic Bancshares (OTCMKTS:SABK) Shares Down 0.1%

South Atlantic Bancshares, Inc. (OTCMKTS:SABK)’s stock price dropped 0.1% during trading on Wednesday . The stock traded as low as $13.75 and last traded at $13.75. Approximately 477 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 3,294 shares. The stock had previously closed at $13.76.

South Atlantic Bancshares Stock Performance

The firm has a market cap of $104.09 million, a P/E ratio of 12.06 and a beta of 0.37. The firm’s fifty day moving average price is $13.83 and its 200 day moving average price is $12.30.

South Atlantic Bancshares (OTCMKTS:SABK) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The business had revenue of $22.73 million during the quarter, compared to the consensus estimate of $11.60 million. As a group, analysts expect that South Atlantic Bancshares, Inc. will post 1.28 earnings per share for the current fiscal 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.