South Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) announced its quarterly earnings data on Thursday. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.05, Zacks reports. The firm had revenue of $17.87 million during the quarter, compared to analyst estimates of $17.20 million.
South Atlantic Bancshares Trading Down 0.1%
Shares of OTCMKTS SABK opened at $24.22 on Friday. South Atlantic Bancshares has a twelve month low of $17.27 and a twelve month high of $26.39. The company has a market capitalization of $183.59 million, a price-to-earnings ratio of 10.18 and a beta of 0.15. The firm has a 50-day moving average of $24.91 and a two-hundred day moving average of $24.69.
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.
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