South Atlantic Bancshares (OTCMKTS:SABK) Trading Down 0% – Here’s What Happened

Shares of South Atlantic Bancshares, Inc. (OTCMKTS:SABK) fell 0% during mid-day trading on Thursday . The company traded as low as $24.77 and last traded at $24.77. Approximately 200 shares were traded during mid-day trading, a decline of 66% from the average session volume of 585 shares. The stock had previously closed at $24.7773.

South Atlantic Bancshares Price Performance

The company has a market cap of $187.76 million, a PE ratio of 10.36 and a beta of 0.14. The firm has a 50-day simple moving average of $25.35 and a two-hundred day simple moving average of $23.73.

South Atlantic Bancshares (OTCMKTS:SABK) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $16.98 million for the quarter, compared to analyst estimates of $16.60 million. Equities research analysts forecast that South Atlantic Bancshares, Inc. will post 2.43 EPS for the current year.

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.