South Atlantic Bancshares (OTCMKTS:SABK) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

South Atlantic Bancshares (OTCMKTS:SABK) released its quarterly earnings data on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03, Zacks reports.

South Atlantic Bancshares Stock Performance

South Atlantic Bancshares stock traded up $0.05 during trading on Thursday, reaching $25.49. 253 shares of the company’s stock were exchanged, compared to its average volume of 2,407. South Atlantic Bancshares has a 52-week low of $15.90 and a 52-week high of $26.39. The firm has a market cap of $194.23 million, a price-to-earnings ratio of 11.33 and a beta of 0.13. The company’s 50-day moving average is $25.16 and its two-hundred day moving average is $23.13.

South Atlantic Bancshares Company Profile

South Atlantic Bancshares, Inc is the bank holding company for South Atlantic Bank, a Florida-based community bank that provides a comprehensive suite of financial services. The company operates through its subsidiary to offer personalized banking solutions designed for individuals, small businesses, and commercial clients. By focusing on relationship-driven banking, South Atlantic Bancshares aims to deliver tailored financial products that address the unique needs of its customers.

The company’s core offerings include a variety of deposit accounts, such as checking, savings and money market products, alongside lending solutions encompassing commercial real estate loans, construction financing, equipment loans and consumer mortgages.