South Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.05, Zacks reports. The company had revenue of $17.87 million for the quarter, compared to the consensus estimate of $17.20 million.
South Atlantic Bancshares Stock Performance
Shares of SABK stock opened at $24.25 on Friday. The company’s 50-day moving average is $24.91 and its 200 day moving average is $24.68. South Atlantic Bancshares has a one year low of $17.42 and a one year high of $26.39. The company has a market capitalization of $183.81 million, a price-to-earnings ratio of 9.78 and a beta of 0.15.
About South Atlantic Bancshares
South Atlantic Bancshares, Inc is a bank holding company for South Atlantic Bank, a community banking institution headquartered in South Carolina. The company provides banking services to individuals, families, professionals and businesses through its community-focused banking operations.
South Atlantic Bank offers a range of financial products and services, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, business loans, consumer lending, online banking and other cash-management services.
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