South Atlantic Bancshares (OTCMKTS:SABK) Releases Quarterly Earnings Results

South Atlantic Bancshares (OTCMKTS:SABK) posted its quarterly earnings results on Wednesday. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03, Yahoo Finance reports. The business had revenue of $24.51 million during the quarter, compared to analyst estimates of $12.30 million.

South Atlantic Bancshares Price Performance

Shares of OTCMKTS:SABK remained flat at $14.27 during trading on Friday. 451 shares of the company’s stock traded hands, compared to its average volume of 5,857. The firm’s fifty day simple moving average is $14.04 and its 200 day simple moving average is $12.85. The stock has a market cap of $108.00 million, a P/E ratio of 12.20 and a beta of 0.37. South Atlantic Bancshares has a fifty-two week low of $9.86 and a fifty-two week high of $15.49.

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.