South Atlantic Bancshares (OTCMKTS:SABK) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

South Atlantic Bancshares (OTCMKTS:SABK) posted its quarterly earnings data on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03, Zacks reports.

South Atlantic Bancshares Stock Performance

SABK traded up $0.05 during midday trading on Thursday, reaching $25.49. The company had a trading volume of 253 shares, compared to its average volume of 2,407. South Atlantic Bancshares has a 12-month low of $15.90 and a 12-month high of $26.39. The business has a 50-day moving average price of $25.16 and a two-hundred day moving average price of $23.13. The stock has a market cap of $194.23 million, a PE ratio of 11.33 and a beta of 0.13.

South Atlantic Bancshares Company Profile

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.