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

Company Overview

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. It also provides cash management and merchant card services; remote deposit capture and automated clearing house services; online, mobile, and telephone banking services; personal and business checks; mortgage products and services; and wealth management services. The company operates offices in Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton, Hilton Head Island, and Beaufort, South Carolina. South Atlantic Bancshares, Inc. was founded in 2007 and is headquartered in Myrtle Beach, South Carolina.

Key Stats

• Today's Range: $16.06 to $17.59
• 50-Day Range: $13.75 to $18.47
• 52-Week Range: $9.91 to $20.10
• Volume: 31,173 shs
• Average Volume: 7,475 shs
• Market Capitalization: $122.90 million
• P/E Ratio: 13.65
• Dividend Yield: 0.62%
• Price Target: $17.25
• Consensus Rating: Buy

South Atlantic Bancshares Stock Analysis - MarketRank™

South Atlantic Bancshares scored higher than 46% 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: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

South Atlantic Bancshares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, 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: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.01% of the outstanding shares of South Atlantic Bancshares have been sold short.

Short Interest Ratio / Days to Cover

South Atlantic Bancshares has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in South Atlantic Bancshares has recently increased by 233.33%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

South Atlantic Bancshares has a dividend yield of 0.65%, 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

Percentage of Shares Shorted

0.01% of the outstanding shares of South Atlantic Bancshares have been sold short.

Short Interest Ratio / Days to Cover

South Atlantic Bancshares has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in South Atlantic Bancshares has recently increased by 233.33%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.51

News Sentiment

South Atlantic Bancshares has a news sentiment score of 0.51. 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 2 news articles for South Atlantic Bancshares this week, compared to 1 article 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 $12.75 on January 1st, 2024. Since then, SABK shares have increased by 27.4% and is now trading at $16.24.
View the best growth stocks for 2024 here.

How were South Atlantic Bancshares' earnings last quarter?

South Atlantic Bancshares, Inc. (OTCMKTS:SABK) announced its quarterly earnings data on Wednesday, October, 23rd. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. The business earned $24.51 million during the quarter, compared to analyst estimates of $12.30 million.

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.

What other stocks do shareholders of South Atlantic Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that South Atlantic Bancshares investors own include Arista Networks (ANET), Broadcom (AVGO), NVIDIA (NVDA), Adobe (ADBE), ServiceNow (NOW), Celestica (CLS) and General Electric (GE).

Company Calendar

• Last Earnings: 10/23/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Finance
• Industry: N/A
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:SABK
• CUSIP: N/A
• CIK: N/A
• Web: www.southatlantic.bank
• Phone: 843-839-0100
• Fax: N/A
• Employees: 161
• 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: Buy
• Rating Score (0-4): 3.00
• 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: Not Optionable
• Beta: 0.37