South Atlantic Bancshares, Inc. Plans Annual Dividend of $0.10 (OTCMKTS:SABK)

South Atlantic Bancshares, Inc. (OTCMKTS:SABK) announced an annual dividend on Friday, February 7th,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.10 per share on Friday, February 28th. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, February 14th.

South Atlantic Bancshares Stock Down 1.7 %

South Atlantic Bancshares stock traded down $0.27 during mid-day trading on Friday, reaching $15.65. 4,866 shares of the company’s stock were exchanged, compared to its average volume of 3,762. The business’s fifty day simple moving average is $15.73 and its 200 day simple moving average is $14.84. South Atlantic Bancshares has a one year low of $10.45 and a one year high of $20.10. The firm has a market capitalization of $118.45 million, a PE ratio of 13.15 and a beta of 0.37.

South Atlantic Bancshares (OTCMKTS:SABK) last released its earnings results on Thursday, January 23rd. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. On average, sell-side analysts forecast that South Atlantic Bancshares will post 1.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott upgraded South Atlantic Bancshares from a “neutral” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Tuesday, December 3rd.

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.