South Atlantic Bancshares (OTCMKTS:SABK) Raised to “Strong-Buy” at Zacks Research

South Atlantic Bancshares (OTCMKTS:SABK) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

South Atlantic Bancshares Stock Performance

Shares of South Atlantic Bancshares stock opened at $20.00 on Thursday. South Atlantic Bancshares has a 12 month low of $14.00 and a 12 month high of $21.93. The firm has a market capitalization of $150.62 million, a P/E ratio of 9.52 and a beta of 0.12. The business’s fifty day simple moving average is $19.37 and its 200 day simple moving average is $18.15.

South Atlantic Bancshares (OTCMKTS:SABK) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.56 by $0.06. The firm had revenue of $16.46 million during the quarter, compared to analysts’ expectations of $14.17 million. Analysts predict that South Atlantic Bancshares will post 1.35 EPS for the current fiscal year.

About South Atlantic Bancshares

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.