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

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

South Atlantic Bancshares Price Performance

Shares of South Atlantic Bancshares stock traded down $0.02 during trading on Thursday, hitting $24.22. The stock had a trading volume of 393 shares, compared to its average volume of 2,047. The stock has a market cap of $183.61 million, a PE ratio of 10.18 and a beta of 0.15. The firm’s fifty day simple moving average is $24.92 and its 200-day simple moving average is $24.68. South Atlantic Bancshares has a 12 month low of $17.27 and a 12 month 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.