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

South Atlantic Bancshares (OTCMKTS:SABK) issued its earnings results on Thursday. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03, Zacks reports. The business had revenue of $16.98 million for the quarter, compared to analyst estimates of $16.60 million.

South Atlantic Bancshares Stock Up 0.2%

Shares of OTCMKTS:SABK opened at $25.49 on Friday. South Atlantic Bancshares has a fifty-two week low of $15.90 and a fifty-two week high of $26.39. The firm has a 50-day simple moving average of $25.18 and a 200 day simple moving average of $23.18. The company has a market cap of $194.23 million, a PE ratio of 11.33 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.