South Atlantic Bancshares (OTCMKTS:SABK) Stock Price Down 0.7%

Shares of South Atlantic Bancshares, Inc. (OTCMKTS:SABK) were down 0.7% during mid-day trading on Wednesday . The company traded as low as $13.88 and last traded at $13.88. Approximately 5,676 shares traded hands during trading, a decline of 14% from the average daily volume of 6,574 shares. The stock had previously closed at $13.98.

South Atlantic Bancshares Stock Performance

The stock has a fifty day moving average of $12.42 and a 200-day moving average of $11.89. The company has a market cap of $105.07 million, a PE ratio of 11.86 and a beta of 0.37.

South Atlantic Bancshares (OTCMKTS:SABK) last released its earnings results on Tuesday, April 23rd. The company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $11.30 million for the quarter, compared to the consensus estimate of $11.70 million. As a group, equities analysts anticipate that South Atlantic Bancshares, Inc. will post 1.23 EPS for the current fiscal year.

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.