South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 200 shares, a growth of 100.0% from the December 31st total of 100 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is currently 0.0 days.
South Atlantic Bancshares Stock Performance
Shares of SABK stock traded up $0.34 on Wednesday, reaching $15.89. 5,150 shares of the company's stock traded hands, compared to its average volume of 3,561. The business's 50 day moving average price is $15.71 and its two-hundred day moving average price is $14.82. The company has a market capitalization of $120.27 million, a P/E ratio of 13.35 and a beta of 0.38. South Atlantic Bancshares has a 12-month low of $10.45 and a 12-month high of $20.10.
South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last posted its earnings results on Thursday, January 23rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. Research analysts predict that South Atlantic Bancshares will post 1.35 earnings per share for the current year.
Analyst Ratings Changes
Separately, Janney Montgomery Scott upgraded South Atlantic Bancshares from a "neutral" rating to a "buy" rating and set a $19.00 target price on the stock in a research note on Tuesday, December 3rd.
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South Atlantic Bancshares Company Profile
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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.
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