South Atlantic Bancshares (OTCMKTS:SABK) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

South Atlantic Bancshares (OTCMKTS:SABK) posted its quarterly earnings results on Thursday. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02, Zacks reports.

South Atlantic Bancshares Stock Up 0.8 %

OTCMKTS:SABK opened at $15.88 on Friday. The stock’s 50 day moving average price is $15.81 and its 200 day moving average price is $14.64. The company has a market capitalization of $120.20 million, a PE ratio of 13.34 and a beta of 0.38. South Atlantic Bancshares has a 52-week low of $10.45 and a 52-week high of $20.10.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott raised shares of South Atlantic Bancshares from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday, December 3rd.

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.