South Atlantic Bancshares (OTCMKTS:SABK) Shares Down 0% – Here’s Why

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

South Atlantic Bancshares Stock Performance

The company has a market capitalization of $188.75 million, a PE ratio of 10.41 and a beta of 0.14. The company’s fifty day moving average is $25.37 and its 200-day moving average is $23.72.

South Atlantic Bancshares (OTCMKTS:SABK) last released its earnings results on Thursday, July 23rd. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $16.98 million during 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.

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.