South Atlantic Bancshares (OTCMKTS:SABK) Shares Down 0.7%

South Atlantic Bancshares, Inc. (OTCMKTS:SABK)’s share price were down 0.7% during trading on Thursday . The company traded as low as $10.64 and last traded at $10.64. Approximately 185 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 5,184 shares. The stock had previously closed at $10.71.

South Atlantic Bancshares Price Performance

The stock has a 50 day moving average price of $11.38 and a two-hundred day moving average price of $11.25. The company has a market capitalization of $80.86 million, a price-to-earnings ratio of 8.06 and a beta of 0.33.

South Atlantic Bancshares (OTCMKTS:SABK) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $11.80 million during the quarter, compared to analyst estimates of $11.50 million. Sell-side analysts forecast that South Atlantic Bancshares, Inc. will post 1.33 EPS for the current fiscal year.

South Atlantic Bancshares Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a dividend of $0.10 per share. This represents a dividend yield of 0.79%. The ex-dividend date was Tuesday, February 13th. South Atlantic Bancshares’s payout ratio is 7.58%.

South Atlantic Bancshares Company Profile

South Atlantic Bancshares, Inc operates as the bank holding company for South Atlantic Bank that provides consumer and commercial banking products and services to individuals, small businesses, and corporations in South Carolina. The company offers checking, money market, and saving accounts, as well as certificate of deposit, individual retirement, and health saving accounts; personal, auto, and recreation loans, as well as home equity and ready reserve overdraft line of credits, and commercial lending products; and credit cards.