South Atlantic Bancshares (OTCMKTS:SABK) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

South Atlantic Bancshares (OTCMKTS:SABK) posted its earnings results on Thursday. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05, Zacks reports. The company had revenue of $22.73 million for the quarter, compared to the consensus estimate of $11.60 million.

South Atlantic Bancshares Stock Performance

Shares of South Atlantic Bancshares stock remained flat at $13.98 during midday trading on Friday. The company had a trading volume of 11,656 shares, compared to its average volume of 5,506. The firm has a 50 day simple moving average of $12.51 and a 200 day simple moving average of $11.91. South Atlantic Bancshares has a 1-year low of $9.69 and a 1-year high of $14.71. The company has a market capitalization of $105.83 million, a price-to-earnings ratio of 11.95 and a beta of 0.37.

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.