South Atlantic Bancshares (OTCMKTS:SABK) Shares Down 0% – What’s Next?

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

South Atlantic Bancshares Price Performance

The company has a fifty day moving average of $25.37 and a 200-day moving average of $23.72. The firm has a market cap of $188.75 million, a P/E ratio of 10.41 and a beta of 0.14.

South Atlantic Bancshares (OTCMKTS:SABK) last announced its earnings results on Thursday, July 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $16.98 million for the quarter, compared to analysts’ expectations of $16.60 million. On average, sell-side analysts expect that South Atlantic Bancshares, Inc. will post 2.43 EPS 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.