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

South Atlantic Bancshares, Inc. (OTCMKTS:SABK)’s stock price were down 0.7% during mid-day trading on Thursday . The stock 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 Stock Down 0.7 %

The firm’s 50-day moving average is $11.41 and its 200-day moving average is $11.24. The company has a market capitalization of $80.86 million, a PE ratio of 8.06 and a beta of 0.33.

South Atlantic Bancshares (OTCMKTS:SABK) last announced its earnings results on Thursday, January 25th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $11.80 million during the quarter, compared to analysts’ expectations of $11.50 million. As a group, equities research analysts predict that South Atlantic Bancshares, Inc. will post 1.33 EPS for the current year.

South Atlantic Bancshares Dividend Announcement

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

About South Atlantic Bancshares

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.