South Atlantic Bancshares (OTCMKTS:SABK) Stock Price Down 4% – What’s Next?

Posted by Alanna Baker on May 16th, 2026

Shares of South Atlantic Bancshares, Inc. (OTCMKTS:SABK – Get Free Report) were down 4% during mid-day trading on Friday . The company traded as low as $23.37 and last traded at $23.51. Approximately 4,112 shares traded hands during trading, an increase of 86% from the average daily volume of 2,213 shares. The stock had previously closed at $24.49.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of South Atlantic Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

View Our Latest Research Report on SABK

South Atlantic Bancshares Stock Performance

The stock’s 50-day moving average price is $23.05 and its 200-day moving average price is $21.12. The company has a market capitalization of $178.51 million, a price-to-earnings ratio of 10.45 and a beta of 0.10.

South Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The company had revenue of $16.00 million for the quarter, compared to analyst estimates of $16.80 million. Analysts anticipate that South Atlantic Bancshares, Inc. will post 2.39 earnings per share for the current year.

About South Atlantic Bancshares

(Get Free Report)

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.