South Atlantic Bancshares (OTCMKTS:SABK) Releases Earnings Results, Beats Expectations By $0.03 EPS

South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03, Yahoo Finance reports. The business had revenue of $24.51 million for the quarter, compared to analysts' expectations of $12.30 million.

South Atlantic Bancshares Price Performance

SABK remained flat at $14.27 during midday trading on Friday. The company's stock had a trading volume of 451 shares, compared to its average volume of 5,857. The company has a market cap of $108.00 million, a PE ratio of 12.20 and a beta of 0.37. South Atlantic Bancshares has a fifty-two week low of $9.86 and a fifty-two week high of $15.49. The firm has a 50 day moving average price of $14.04 and a two-hundred day moving average price of $12.85.

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.