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

South Atlantic Bancshares, Inc. (OTCMKTS:SABK) shares traded down 0.7% on Thursday . The company traded as low as $10.64 and last traded at $10.64. 185 shares traded hands during trading, a decline of 96% from the average session volume of 5,184 shares. The stock had previously closed at $10.71.

South Atlantic Bancshares Stock Performance

The business’s fifty day moving average is $11.41 and its two-hundred day moving average is $11.24. The company has a market cap of $80.86 million, a P/E ratio of 8.06 and a beta of 0.33.

South Atlantic Bancshares (OTCMKTS:SABK) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $11.80 million during the quarter, compared to analysts’ expectations of $11.50 million. Analysts expect that South Atlantic Bancshares, Inc. will post 1.33 EPS for the current fiscal year.

South Atlantic Bancshares Announces Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a dividend yield of 0.79%. South Atlantic Bancshares’s payout ratio is presently 7.58%.

About South Atlantic Bancshares

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.