South Atlantic Bancshares (SABK) to Release Quarterly Earnings on Wednesday

South Atlantic Bancshares (OTCMKTS:SABK) is expected to issue its results before the market opens on Wednesday, October 22nd. Analysts expect the company to announce earnings of $0.50 per share for the quarter.

South Atlantic Bancshares (OTCMKTS:SABK) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The business had revenue of $15.13 million during the quarter, compared to the consensus estimate of $13.92 million. On average, analysts expect South Atlantic Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

South Atlantic Bancshares Stock Down 0.4%

Shares of SABK stock opened at $16.52 on Monday. The company’s fifty day simple moving average is $17.20 and its 200-day simple moving average is $16.21. The firm has a market cap of $123.90 million, a PE ratio of 9.95 and a beta of 0.20. South Atlantic Bancshares has a 12 month low of $13.77 and a 12 month high of $20.10.

About South Atlantic Bancshares

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.