South Atlantic Bancshares (SABK) Projected to Post Quarterly Earnings on Thursday

South Atlantic Bancshares (OTCMKTS:SABK) is expected to announce its results before the market opens on Thursday, January 22nd. Analysts expect the company to announce earnings of $0.56 per share for the quarter.

South Atlantic Bancshares (OTCMKTS:SABK) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The firm had revenue of $16.36 million during the quarter, compared to analysts’ expectations of $15.50 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 Performance

SABK stock opened at $19.50 on Wednesday. The stock has a market capitalization of $146.84 million, a PE ratio of 10.32 and a beta of 0.12. South Atlantic Bancshares has a one year low of $14.00 and a one year high of $21.93. The company has a fifty day moving average of $19.30 and a 200-day moving average of $17.96.

Analysts Set New Price Targets

Separately, Zacks Research cut South Atlantic Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.