South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report) shares traded up 1.9% during mid-day trading on Tuesday . The company traded as high as $15.45 and last traded at $15.45. 2,200 shares were traded during trading, a decline of 71% from the average session volume of 7,618 shares. The stock had previously closed at $15.16.
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 for the company in a report on Tuesday, December 3rd.
Read Our Latest Stock Analysis on South Atlantic Bancshares
South Atlantic Bancshares Trading Up 1.9 %
The company has a market cap of $116.93 million, a price-to-earnings ratio of 12.98 and a beta of 0.39. The stock's fifty day simple moving average is $15.28 and its 200 day simple moving average is $14.16.
South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The company had revenue of $24.51 million during the quarter, compared to analysts' expectations of $12.30 million. On average, analysts predict that South Atlantic Bancshares, Inc. will post 1.35 EPS for the current year.
South Atlantic Bancshares Company Profile
(
Get Free Report)
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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