South Atlantic Bancshares (OTCMKTS:SABK) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

South Atlantic Bancshares (OTCMKTS:SABK) announced its quarterly earnings results on Thursday. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.05, Zacks reports.

South Atlantic Bancshares Trading Down 0.1%

SABK stock traded down $0.02 during midday trading on Thursday, hitting $24.22. 393 shares of the company’s stock were exchanged, compared to its average volume of 2,047. The business has a 50-day simple moving average of $24.92 and a two-hundred day simple moving average of $24.68. The stock has a market capitalization of $183.61 million, a PE ratio of 10.18 and a beta of 0.15. South Atlantic Bancshares has a 1-year low of $17.27 and a 1-year high of $26.39.

About South Atlantic Bancshares

South Atlantic Bancshares, Inc is a bank holding company headquartered in Mount Pleasant, South Carolina. Its principal subsidiary, South Atlantic Bank, is a community bank serving individuals, families and businesses in coastal South Carolina.

South Atlantic Bank provides traditional banking products and services, including checking and savings accounts, certificates of deposit, residential mortgages, commercial real estate loans, business loans, consumer lending and lines of credit. The bank also offers digital banking, treasury management and other cash-management services designed to support personal and business customers.

The company’s operations are concentrated in the Charleston area and surrounding coastal South Carolina communities.