South Atlantic Bancshares (OTCMKTS:SABK) Announces Quarterly Earnings Results

South Atlantic Bancshares (OTCMKTS:SABK) issued its quarterly earnings data on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03, Yahoo Finance reports. The firm had revenue of $24.51 million during the quarter, compared to analyst estimates of $12.30 million.

South Atlantic Bancshares Stock Performance

South Atlantic Bancshares stock opened at $14.27 on Friday. The stock has a market cap of $108.00 million, a P/E ratio of 12.20 and a beta of 0.37. The stock has a 50 day moving average of $14.05 and a 200-day moving average of $12.88. South Atlantic Bancshares has a 52 week low of $9.86 and a 52 week high of $15.49.

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.