South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report) declared an annual dividend on Tuesday, January 21st,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be given a dividend of 0.10 per share on Friday, February 28th. This represents a yield of 0.64%. The ex-dividend date is Friday, February 14th.
South Atlantic Bancshares Price Performance
OTCMKTS:SABK traded down $0.53 during mid-day trading on Wednesday, reaching $15.25. The stock had a trading volume of 7,852 shares, compared to its average volume of 3,890. The stock's 50 day simple moving average is $15.73 and its two-hundred day simple moving average is $14.88. South Atlantic Bancshares has a 1-year low of $10.45 and a 1-year high of $20.10. The company has a market capitalization of $115.43 million, a price-to-earnings ratio of 12.82 and a beta of 0.37.
South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last released its earnings results on Thursday, January 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. Sell-side analysts anticipate that South Atlantic Bancshares will post 1.35 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Janney Montgomery Scott raised shares of South Atlantic Bancshares from a "neutral" rating to a "buy" rating and set a $19.00 price target for the company in a research note on Tuesday, December 3rd.
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About South Atlantic Bancshares
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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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