Janney Montgomery Scott lowered shares of South Atlantic Bancshares (OTC:SABK - Free Report) from a buy rating to a neutral rating in a report released on Tuesday, Marketbeat Ratings reports.
South Atlantic Bancshares Price Performance
OTC:SABK traded up $1.03 during midday trading on Tuesday, reaching $18.47. The stock had a trading volume of 45,858 shares, compared to its average volume of 13,632. South Atlantic Bancshares has a 12-month low of $9.91 and a 12-month high of $20.10. The firm has a market cap of $139.82 million, a price-to-earnings ratio of 15.52 and a beta of 0.37.
About South Atlantic Bancshares
(
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South Atlantic Bancshares, Inc operates as the bank holding company for South Atlantic Bank which provides banking products and services to individuals and businesses primarily in Horry, Georgetown, and Charleston counties, South Carolina. The company offers checking, money market and savings accounts; certificates of deposits, individual retirement accounts, health savings accounts and residential first mortgages, secured loans, home equity lines of credit, auto and recreational vehicle loans, ready reserve overdraft lines of credit, revolving lines of credit as well as term loans for financing equipment.
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