South Atlantic Bancshares, Inc. (OTCMKTS:SABK) Plans $0.10 Annual Dividend

Posted by Jessica Moore on Feb 8th, 2025

South Atlantic Bancshares, Inc. (OTCMKTS:SABK – Get Free Report) announced an annual dividend on Friday, February 7th,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.10 per share on Friday, February 28th. This represents a dividend yield of 0.64%. The ex-dividend date is Friday, February 14th.

South Atlantic Bancshares Stock Performance

Shares of South Atlantic Bancshares stock traded down $0.27 during trading on Friday, hitting $15.65. The company’s stock had a trading volume of 4,866 shares, compared to its average volume of 3,762. South Atlantic Bancshares has a 52 week low of $10.45 and a 52 week high of $20.10. The company has a fifty day simple moving average of $15.73 and a two-hundred day simple moving average of $14.84. The company has a market capitalization of $118.45 million, a PE ratio of 13.15 and a beta of 0.37.

South Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) last released its earnings results on Thursday, January 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. As a group, analysts predict that South Atlantic Bancshares will post 1.35 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised South Atlantic Bancshares from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Tuesday, December 3rd.

Get Our Latest Analysis on South Atlantic Bancshares

South Atlantic Bancshares Company Profile

(Get Free Report)

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.