South Atlantic Bancshares (OTCMKTS:SABK) Shares Down 0.7%

South Atlantic Bancshares, Inc. (OTCMKTS:SABK)’s stock price were down 0.7% during mid-day trading on Wednesday . The stock traded as low as $13.88 and last traded at $13.88. Approximately 5,676 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 6,574 shares. The stock had previously closed at $13.98.

South Atlantic Bancshares Trading Down 0.7 %

The firm has a market capitalization of $105.07 million, a price-to-earnings ratio of 11.86 and a beta of 0.37. The company’s 50 day moving average is $12.42 and its 200-day moving average is $11.89.

South Atlantic Bancshares (OTCMKTS:SABK) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $11.30 million during the quarter, compared to analyst estimates of $11.70 million. Research analysts expect that South Atlantic Bancshares, Inc. will post 1.23 EPS for the current year.

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.