South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report)'s share price fell 3.3% on Monday . The company traded as low as $14.31 and last traded at $14.50. 1,641 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 3,523 shares. The stock had previously closed at $14.99.
Wall Street Analysts Forecast Growth
Separately, Janney Montgomery Scott raised South Atlantic Bancshares from a "neutral" rating to a "buy" rating and set a $19.00 target price on the stock in a report on Tuesday, December 3rd.
View Our Latest Research Report on SABK
South Atlantic Bancshares Stock Down 0.1 %
The stock has a fifty day moving average price of $15.19 and a two-hundred day moving average price of $15.03. The company has a market cap of $114.59 million, a price-to-earnings ratio of 12.72 and a beta of 0.38.
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 for the quarter, topping the consensus estimate of $0.39 by $0.02. Analysts predict that South Atlantic Bancshares, Inc. will post 1.35 earnings per share for the current fiscal year.
South Atlantic Bancshares Dividend Announcement
The firm also recently declared an annual dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 0.64%. South Atlantic Bancshares's dividend payout ratio (DPR) is presently 7.63%.
About South Atlantic Bancshares
(
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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