South Atlantic Bancshares (SABK) Projected to Release Earnings on Thursday

South Atlantic Bancshares (OTCMKTS:SABK) will likely be releasing its results after the market closes on Thursday, October 22nd. Analysts expect South Atlantic Bancshares to post earnings of $0.62 per share and revenue of $17.20 million for the quarter.

South Atlantic Bancshares (OTCMKTS:SABK) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $16.98 million during the quarter, compared to analysts’ expectations of $16.60 million. On average, analysts expect South Atlantic Bancshares to post $2.43 EPS for the current fiscal year and $2.58 EPS for the next fiscal year.

South Atlantic Bancshares Stock Performance

Shares of South Atlantic Bancshares stock opened at $24.24 on Wednesday. South Atlantic Bancshares has a 52-week low of $16.75 and a 52-week high of $26.39. The stock’s 50-day simple moving average is $24.94 and its 200 day simple moving average is $24.67. The stock has a market capitalization of $183.74 million, a P/E ratio of 10.18 and a beta of 0.15.

South Atlantic Bancshares Company Profile

South Atlantic Bancshares, Inc is a bank holding company headquartered in Mount Pleasant, South Carolina. Its principal subsidiary, South Atlantic Bank, is a community bank serving individuals, families and businesses in coastal South Carolina.

South Atlantic Bank provides traditional banking products and services, including checking and savings accounts, certificates of deposit, residential mortgages, commercial real estate loans, business loans, consumer lending and lines of credit. The bank also offers digital banking, treasury management and other cash-management services designed to support personal and business customers.

The company’s operations are concentrated in the Charleston area and surrounding coastal South Carolina communities.