South Atlantic Bancshares (OTCMKTS:SABK) Shares Down 0.1% – Here’s Why

South Atlantic Bancshares, Inc. (OTCMKTS:SABK)’s stock price fell 0.1% during trading on Tuesday . The company traded as low as $15.72 and last traded at $15.99. 1,907 shares traded hands during trading, a decline of 42% from the average session volume of 3,261 shares. The stock had previously closed at $16.00.

South Atlantic Bancshares Stock Down 0.1 %

The company has a market capitalization of $121.59 million, a price-to-earnings ratio of 13.44 and a beta of 0.19. The stock has a fifty day moving average price of $15.08 and a two-hundred day moving average price of $15.30.

South Atlantic Bancshares (OTCMKTS:SABK) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $14.28 million for the quarter, compared to analyst estimates of $13.70 million. As a group, research analysts forecast that South Atlantic Bancshares, Inc. will post 1.35 earnings per share for the current fiscal year.

South Atlantic Bancshares Company Profile

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.