South Atlantic Bancshares (OTCMKTS:SABK) Announces Quarterly Earnings Results

South Atlantic Bancshares (OTCMKTS:SABK) issued its quarterly earnings data on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03, Yahoo Finance reports. The company had revenue of $24.51 million for the quarter, compared to analyst estimates of $12.30 million.

South Atlantic Bancshares Price Performance

Shares of OTCMKTS:SABK remained flat at $14.27 on Friday. 451 shares of the company’s stock were exchanged, compared to its average volume of 5,857. The company’s fifty day moving average price is $14.04 and its two-hundred day moving average price is $12.85. South Atlantic Bancshares has a 1 year low of $9.86 and a 1 year high of $15.49. The firm has a market cap of $108.00 million, a P/E ratio of 12.20 and a beta of 0.37.

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.