South Atlantic Bancshares (OTCMKTS:SABK) Releases Earnings Results, Meets Expectations

South Atlantic Bancshares (OTCMKTS:SABK) released its earnings results on Tuesday. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26, reports. The firm had revenue of $11.30 million during the quarter, compared to analyst estimates of $11.70 million.

South Atlantic Bancshares Price Performance

Shares of OTCMKTS SABK remained flat at $10.60 during mid-day trading on Friday. The stock had a trading volume of 180 shares, compared to its average volume of 3,828. The stock has a market cap of $80.56 million, a P/E ratio of 9.06 and a beta of 0.33. The business’s fifty day moving average price is $11.28 and its 200-day moving average price is $11.26. South Atlantic Bancshares has a twelve month low of $9.69 and a twelve month high of $12.95.

South Atlantic Bancshares Dividend Announcement

The company also recently declared an annual dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a $0.10 dividend. The ex-dividend date was Tuesday, February 13th. This represents a dividend yield of 0.79%. South Atlantic Bancshares’s dividend payout ratio (DPR) is 8.55%.

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.