South Atlantic Bancshares (OTC:SABK) Upgraded at Janney Montgomery Scott

Janney Montgomery Scott upgraded shares of South Atlantic Bancshares (OTC:SABK) from a neutral rating to a buy rating in a research report sent to investors on Tuesday morning, Marketbeat.com reports. Janney Montgomery Scott currently has $17.25 price objective on the stock.

South Atlantic Bancshares Stock Performance

Shares of South Atlantic Bancshares stock opened at $15.50 on Tuesday. South Atlantic Bancshares has a 52 week low of $9.91 and a 52 week high of $17.82. The company has a market capitalization of $117.34 million, a price-to-earnings ratio of 12.91 and a beta of 0.37.

About South Atlantic Bancshares

South Atlantic Bancshares, Inc operates as the bank holding company for South Atlantic Bank which provides banking products and services to individuals and businesses primarily in Horry, Georgetown, and Charleston counties, South Carolina. The company offers checking, money market and savings accounts; certificates of deposits, individual retirement accounts, health savings accounts and residential first mortgages, secured loans, home equity lines of credit, auto and recreational vehicle loans, ready reserve overdraft lines of credit, revolving lines of credit as well as term loans for financing equipment.