South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) is projected to announce its earnings results on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
South Atlantic Bancshares (OTCMKTS:SABK - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. The company had revenue of $24.51 million for the quarter, compared to analyst estimates of $12.30 million. On average, analysts expect South Atlantic Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
South Atlantic Bancshares Trading Up 0.3 %
Shares of OTCMKTS:SABK traded up $0.05 on Thursday, hitting $15.50. 15,700 shares of the company were exchanged, compared to its average volume of 3,862. The firm has a market capitalization of $117.32 million, a P/E ratio of 13.03 and a beta of 0.38. South Atlantic Bancshares has a 1-year low of $10.45 and a 1-year high of $20.10. The stock's 50 day moving average price is $15.70 and its 200 day moving average price is $14.51.
Analyst Upgrades and Downgrades
Separately, Janney Montgomery Scott raised shares of South Atlantic Bancshares from a "neutral" rating to a "buy" rating and set a $19.00 price target on the stock in a report on Tuesday, December 3rd.
Get Our Latest Stock Analysis on South Atlantic Bancshares
South Atlantic Bancshares Company Profile
(
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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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