South Atlantic Bancshares, Inc. (OTCMKTS:SABK – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,985 shares, an increase of 229.1% from the May 31st total of 907 shares. Based on an average trading volume of 5,877 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are sold short.
South Atlantic Bancshares Price Performance
SABK traded up $0.01 on Friday, reaching $25.50. 343 shares of the stock were exchanged, compared to its average volume of 2,168. The company’s 50-day moving average price is $24.37 and its 200 day moving average price is $22.28. South Atlantic Bancshares has a fifty-two week low of $15.70 and a fifty-two week high of $26.39. The firm has a market capitalization of $193.80 million, a PE ratio of 11.33 and a beta of 0.12.
South Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. The firm had revenue of $16.00 million for the quarter, compared to analysts’ expectations of $16.80 million. As a group, equities analysts forecast that South Atlantic Bancshares will post 2.39 earnings per share for the current fiscal year.
About South Atlantic Bancshares
South Atlantic Bancshares, Inc is the bank holding company for South Atlantic Bank, a Florida-based community bank that provides a comprehensive suite of financial services. The company operates through its subsidiary to offer personalized banking solutions designed for individuals, small businesses, and commercial clients. By focusing on relationship-driven banking, South Atlantic Bancshares aims to deliver tailored financial products that address the unique needs of its customers.
The company’s core offerings include a variety of deposit accounts, such as checking, savings and money market products, alongside lending solutions encompassing commercial real estate loans, construction financing, equipment loans and consumer mortgages.
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