South Atlantic Bancshares (OTCMKTS:SABK) Stock Price Down 0.1% - Time to Sell?

South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report)'s share price dropped 0.1% on Monday . The company traded as low as $14.25 and last traded at $14.50. Approximately 2,674 shares were traded during trading, a decline of 32% from the average daily volume of 3,913 shares. The stock had previously closed at $14.51.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott raised South Atlantic Bancshares from a "neutral" rating to a "buy" rating and set a $19.00 price target on the stock in a research note on Tuesday, December 3rd.

South Atlantic Bancshares Stock Down 0.2 %

The stock has a 50 day simple moving average of $15.43 and a 200 day simple moving average of $14.95. The company has a market capitalization of $113.16 million, a price-to-earnings ratio of 12.56 and a beta of 0.38.

South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last issued its earnings results on Thursday, January 23rd. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. As a group, analysts forecast that South Atlantic Bancshares, Inc. will post 1.35 EPS for the current year.

South Atlantic Bancshares Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 14th. This represents a yield of 0.64%. South Atlantic Bancshares's payout ratio is 7.63%.

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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.