South Atlantic Bancshares, Inc. (OTCMKTS:SABK) Short Interest Update

South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 100 shares, a decline of 87.5% from the March 31st total of 800 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's stock are sold short.

South Atlantic Bancshares Price Performance

Shares of SABK stock traded up $0.68 on Friday, hitting $15.92. 9,100 shares of the stock traded hands, compared to its average volume of 3,148. The company has a market capitalization of $121.08 million, a PE ratio of 13.38 and a beta of 0.12. The company's fifty day moving average is $14.93 and its 200 day moving average is $15.21. South Atlantic Bancshares has a 1-year low of $10.50 and a 1-year high of $20.10.

South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.03. The business had revenue of $14.28 million during the quarter, compared to the consensus estimate of $13.70 million. As a group, equities research analysts expect that South Atlantic Bancshares will post 1.35 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.