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

South Atlantic Bancshares (OTCMKTS:SABK) released its earnings results on Thursday. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05, Zacks reports. The company had revenue of $22.73 million during the quarter, compared to analyst estimates of $11.60 million.

South Atlantic Bancshares Stock Performance

Shares of South Atlantic Bancshares stock opened at $13.98 on Friday. South Atlantic Bancshares has a one year low of $9.69 and a one year high of $14.71. The company has a market cap of $105.83 million, a P/E ratio of 12.26 and a beta of 0.37. The firm has a fifty day moving average of $12.51 and a two-hundred day moving average of $11.91.

South Atlantic Bancshares Company Profile

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.