South Atlantic Bancshares (OTCMKTS:SABK) Trading Up 1.1% – Should You Buy?

South Atlantic Bancshares, Inc. (OTCMKTS:SABK)’s stock price were up 1.1% on Monday . The company traded as high as $19.25 and last traded at $19.20. Approximately 12,125 shares were traded during trading, an increase of 502% from the average daily volume of 2,014 shares. The stock had previously closed at $19.00.

Analyst Ratings Changes

Separately, Zacks Research upgraded South Atlantic Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

South Atlantic Bancshares Price Performance

The firm has a 50-day moving average of $18.86 and a 200-day moving average of $17.40. The stock has a market cap of $144.38 million, a PE ratio of 10.16 and a beta of 0.15.

South Atlantic Bancshares (OTCMKTS:SABK) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The company had revenue of $16.36 million during the quarter, compared to analysts’ expectations of $15.50 million. Equities analysts forecast that South Atlantic Bancshares, Inc. will post 1.35 EPS for the current fiscal year.

About South Atlantic Bancshares

South Atlantic Bancshares, Inc is the bank holding company for South Atlantic Bank, a Florida-based community bank that provides a comprehensive suite of financial services. The company operates through its subsidiary to offer personalized banking solutions designed for individuals, small businesses, and commercial clients. By focusing on relationship-driven banking, South Atlantic Bancshares aims to deliver tailored financial products that address the unique needs of its customers.

The company’s core offerings include a variety of deposit accounts, such as checking, savings and money market products, alongside lending solutions encompassing commercial real estate loans, construction financing, equipment loans and consumer mortgages.