Should I buy or sell South Atlantic Bancshares stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for South Atlantic Bancshares in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SABK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SABK, but not buy additional shares or sell existing shares. View SABK analyst ratings or view top-rated stocks .

What is South Atlantic Bancshares' stock price target for 2024?

1 Wall Street analysts have issued 1-year target prices for South Atlantic Bancshares' stock. Their SABK share price targets range from $14.00 to $14.00. On average, they anticipate the company's share price to reach $14.00 in the next year. This suggests a possible upside of 31.6% from the stock's current price. View analysts price targets for SABK or view top-rated stocks among Wall Street analysts .

How have SABK shares performed in 2024?

South Atlantic Bancshares' stock was trading at $12.75 on January 1st, 2024. Since then, SABK shares have decreased by 16.5% and is now trading at $10.64. View the best growth stocks for 2024 here .

Are investors shorting South Atlantic Bancshares?

South Atlantic Bancshares saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 800 shares, an increase of 300.0% from the February 29th total of 200 shares. Based on an average trading volume of 7,100 shares, the short-interest ratio is presently 0.1 days. View South Atlantic Bancshares' Short Interest .

How were South Atlantic Bancshares' earnings last quarter?

South Atlantic Bancshares, Inc. (OTCMKTS:SABK) issued its quarterly earnings results on Thursday, January, 25th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.02. The company had revenue of $11.80 million for the quarter, compared to analyst estimates of $11.50 million.

How often does South Atlantic Bancshares pay dividends? What is the dividend yield for South Atlantic Bancshares?

South Atlantic Bancshares declared an annual dividend on Tuesday, January 30th. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.10 per share on Wednesday, February 28th. This represents a yield of 0.79%. The ex-dividend date is Tuesday, February 13th. Read our dividend analysis for SABK .

Is South Atlantic Bancshares a good dividend stock?

South Atlantic Bancshares (OTCMKTS:SABK) pays an annual dividend of $0.10 per share and currently has a dividend yield of 0.94%. The dividend payout ratio is 7.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SABK will have a dividend payout ratio of 6.54% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SABK .

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 .

OTCMKTS:SABK

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

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$10.64

0.00 (0.00%)

(As of 04/19/2024 ET)

Compare

Today's Range: $10.64
▼
$10.64
50-Day Range: $10.64
▼
$12.20
52-Week Range: $9.69
▼
$12.99

Volume: N/A
Average Volume: 5,757 shs
Market Capitalization: $80.86 million

P/E Ratio: 8.06
Dividend Yield: 0.94%
Price Target: $14.00

Stock Analysis Analyst Forecasts Chart Dividend Earnings Headlines Short Interest

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South Atlantic Bancshares MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 31.6% Upside
$14.00 Price Target
Short Interest: Healthy
0.01% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.04%
From $1.33 to $1.53 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.84 out of 5 stars

3.0

Analyst's Opinion

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 received no research coverage in the past 90 days.

3.0

Short Interest

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 300.00%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
South Atlantic Bancshares has a dividend yield of 0.94%, 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 7.58%. 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 6.54% next year. This indicates that South Atlantic Bancshares will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SABK.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for South Atlantic Bancshares this week, compared to 2 articles on an average week.
MarketBeat Follows
2 people have added South Atlantic Bancshares to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.0

Company Ownership

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.

3.1

Earnings and Valuation

Earnings Growth
Earnings for South Atlantic Bancshares are expected to grow by 15.04% in the coming year, from $1.33 to $1.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of South Atlantic Bancshares is 8.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of South Atlantic Bancshares is 8.06, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.38.

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About South Atlantic Bancshares Stock (OTCMKTS:SABK)

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.

SABK Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SABK Stock News Headlines

April 19, 2024 | americanbankingnews.com

South Atlantic Bancshares (OTCMKTS:SABK) Trading Down 0.7%

April 16, 2024 | seekingalpha.com

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April 2, 2024 | msn.com

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March 28, 2024 | msn.com

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March 22, 2024 | msn.com

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April 20, 2024 | Altimetry (Ad)

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March 21, 2024 | msn.com

Natural wonders. Napoleon's exile. A remote island in the South Atlantic is now easier to reach

March 20, 2024 | foxnews.com

South Atlantic island known for Napoleon's exile hopes to breathe new life into tourism industry

February 24, 2024 | msn.com

South Atlantic Bancshares (SABK) Price Target Increased by 8.11% to 15.30

February 19, 2024 | news.yahoo.com

Tropical Storm Akara becomes rare named storm in South Atlantic

February 19, 2024 | msn.com

Rare South Atlantic Tropical Storm Akará Forms Off Brazilian Coast

February 17, 2024 | msn.com

UK's Cameron to visit Falkland Islands in his first South Atlantic tour

February 11, 2024 | msn.com

Six without a home after fire on South Atlantic Avenue in Pittsfield

February 10, 2024 | msn.com

Six without a home after fire on South Atlantic Street in Pittsfield