South Atlantic Bancshares (SABK) Stock Price, News & Analysis

Company Overview

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. It also provides treasury, remote deposit capture, and merchant card services; telephone and online banking, ATM services; debit and credit cards. South Atlantic Bancshares, Inc. is based in Myrtle Beach, South Carolina.

Key Stats

• Today's Range: $16.06 to $17.59
• 50-Day Range: N/A
• 52-Week Range: $9.91 to $20.10
• Volume: 31,173 shs
• Average Volume: 17,763 shs
• Market Capitalization: $122.90 million
• P/E Ratio: 13.65
• Dividend Yield: 0.62%
• Price Target: $17.25
• Consensus Rating: Hold

South Atlantic Bancshares Stock Analysis - MarketRank™

South Atlantic Bancshares scored higher than 22% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

South Atlantic Bancshares has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

South Atlantic Bancshares has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 19.26%

Earnings Growth

Earnings for South Atlantic Bancshares are expected to grow by 19.26% in the coming year, from $1.35 to $1.61 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of South Atlantic Bancshares is 13.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of South Atlantic Bancshares is 13.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.28.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for SABK.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

South Atlantic Bancshares has a dividend yield of 0.54%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

South Atlantic Bancshares does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of South Atlantic Bancshares is 8.40%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, South Atlantic Bancshares will have a dividend payout ratio of 6.21% next year. This indicates that South Atlantic Bancshares will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for SABK.

News and Social Media

• Score: 0.7 / 5
• News Sentiment: -0.67

News Sentiment

South Atlantic Bancshares has a news sentiment score of -0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for South Atlantic Bancshares this week, compared to 4 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, South Atlantic Bancshares insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 13.34% of the stock of South Atlantic Bancshares is held by institutions.

SABK Stock Analysis - Frequently Asked Questions

How have SABK shares performed this year?

South Atlantic Bancshares' stock was trading at $14.91 at the beginning of 2024. Since then, SABK stock has increased by 8.9% and is now trading at $16.24.
View the best growth stocks for 2024 here.

How do I buy shares of South Atlantic Bancshares?

Shares of SABK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: OTC
• Sector: Finance
• Industry: N/A
• Sub-Industry: N/A
• Current Symbol: OTC:SABK
• CUSIP: N/A
• CIK: N/A
• Web: N/A
• Phone: N/A
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $17.25
• High Stock Price Target: $17.25
• Low Stock Price Target: $17.25
• Potential Upside/Downside: +6.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 13.65
• Forward P/E Ratio: 12.03
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $74.67 million
• Price / Sales: 1.65
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: 7,568,000
• Free Float: N/A
• Market Cap: $122.90 million
• Optionable: N/A
• Beta: 0.37