South Atlantic Bancshares (OTCMKTS:SABK) Announces Earnings Results

South Atlantic Bancshares (OTCMKTS:SABK) announced its earnings results on Thursday. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03, Zacks reports. The business had revenue of $16.98 million for the quarter, compared to the consensus estimate of $16.60 million.

South Atlantic Bancshares Price Performance

SABK stock opened at $25.49 on Friday. The company’s 50-day moving average price is $25.22 and its two-hundred day moving average price is $23.19. South Atlantic Bancshares has a 12 month low of $15.90 and a 12 month high of $26.39. The firm has a market cap of $194.16 million, a P/E ratio of 10.71 and a beta of 0.13.

South Atlantic Bancshares Company Profile

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.