South Atlantic Bancshares (SABK) to Release Quarterly Earnings on Thursday

South Atlantic Bancshares (OTCMKTS:SABK) is expected to announce its earnings results on Thursday, July 24th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.

South Atlantic Bancshares (OTCMKTS:SABK) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $14.28 million for the quarter, compared to the consensus estimate of $13.70 million. On average, analysts expect South Atlantic Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

South Atlantic Bancshares Stock Performance

Shares of SABK stock opened at $15.95 on Thursday. The firm’s 50 day moving average price is $15.65 and its two-hundred day moving average price is $15.42. The stock has a market cap of $119.63 million, a PE ratio of 10.78 and a beta of 0.16. South Atlantic Bancshares has a 52-week low of $12.74 and a 52-week high of $20.10.

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.