South Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) is anticipated to release its results after the market closes on Thursday, October 22nd. Analysts expect the company to announce earnings of $0.62 per share and revenue of $17.20 million for the quarter.
South Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $16.98 million for the quarter, compared to analyst estimates of $16.60 million. On average, analysts expect South Atlantic Bancshares to post $2.43 EPS for the current fiscal year and $2.58 EPS for the next fiscal year.
South Atlantic Bancshares Stock Performance
OTCMKTS SABK opened at $24.32 on Tuesday. South Atlantic Bancshares has a 52 week low of $16.52 and a 52 week high of $26.39. The stock has a market cap of $184.35 million, a price-to-earnings ratio of 10.22 and a beta of 0.15. The company has a 50-day moving average price of $24.95 and a two-hundred day moving average price of $24.65.
About South Atlantic Bancshares
South Atlantic Bancshares, Inc is a bank holding company headquartered in Mount Pleasant, South Carolina. Its principal subsidiary, South Atlantic Bank, is a community bank serving individuals, families and businesses in coastal South Carolina.
South Atlantic Bank provides traditional banking products and services, including checking and savings accounts, certificates of deposit, residential mortgages, commercial real estate loans, business loans, consumer lending and lines of credit. The bank also offers digital banking, treasury management and other cash-management services designed to support personal and business customers.
The company’s operations are concentrated in the Charleston area and surrounding coastal South Carolina communities.
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