South Atlantic Bancshares, Inc. Plans Annual Dividend of $0.10 (OTCMKTS:SABK)

South Atlantic Bancshares, Inc. (OTCMKTS:SABKGet Free Report) announced an annual dividend on Tuesday, January 30th, NASDAQ reports. Investors of record on Wednesday, February 14th will be paid a dividend of 0.10 per share on Wednesday, February 28th. This represents a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, February 13th.

South Atlantic Bancshares Stock Performance

Shares of SABK stock opened at $12.20 on Friday. South Atlantic Bancshares has a 52-week low of $9.69 and a 52-week high of $14.00. The firm has a market capitalization of $92.35 million, a P/E ratio of 9.24 and a beta of 0.35. The stock has a 50 day moving average price of $12.06 and a 200 day moving average price of $11.00.

South Atlantic Bancshares (OTCMKTS:SABKGet Free Report) last issued its 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 firm had revenue of $11.80 million for the quarter, compared to the consensus estimate of $11.50 million. As a group, sell-side analysts forecast that South Atlantic Bancshares will post 1.33 EPS for the current year.

About South Atlantic Bancshares

(Get Free Report)

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.

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