South Atlantic Bancshares, Inc. (OTCMKTS:SABK – Get Free Report) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 2,985 shares, a growth of 229.1% from the May 31st total of 907 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 5,877 shares, the days-to-cover ratio is presently 0.5 days.
South Atlantic Bancshares Stock Performance
Shares of SABK stock remained flat at $25.50 during mid-day trading on Monday. 343 shares of the stock traded hands, compared to its average volume of 1,819. The firm has a market cap of $193.80 million, a price-to-earnings ratio of 11.33 and a beta of 0.12. The company has a fifty day simple moving average of $24.37 and a 200-day simple moving average of $22.31. South Atlantic Bancshares has a one year low of $15.70 and a one year high of $26.39.
South Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $16.00 million for the quarter, compared to analyst estimates of $16.80 million. Research analysts expect that South Atlantic Bancshares will post 2.39 earnings per share for the current fiscal year.
About South Atlantic Bancshares
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.
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