South Atlantic Bancshares (OTCMKTS:SABK) Trading Up 0.3% - Should You Buy?

South Atlantic Bancshares, Inc. (OTCMKTS:SABK - Get Free Report) shares traded up 0.3% on Wednesday . The company traded as high as $15.85 and last traded at $15.50. 15,700 shares were traded during mid-day trading, an increase of 307% from the average session volume of 3,862 shares. The stock had previously closed at $15.45.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded shares of South Atlantic Bancshares from a "neutral" rating to a "buy" rating and set a $19.00 target price for the company in a research report on Tuesday, December 3rd.

South Atlantic Bancshares Stock Up 0.3 %

The company has a 50-day moving average of $15.70 and a two-hundred day moving average of $14.51. The company has a market capitalization of $117.32 million, a P/E ratio of 13.03 and a beta of 0.38.

South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. The business had revenue of $24.51 million for the quarter, compared to the consensus estimate of $12.30 million. As a group, equities analysts expect that South Atlantic Bancshares, Inc. will post 1.35 EPS for the current fiscal 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.