South Atlantic Bancshares (OTCMKTS:SABK) Releases Earnings Results, Beats Estimates By $0.03 EPS

by · The Cerbat Gem

South Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03, Zacks reports.

South Atlantic Bancshares Price Performance

SABK stock traded up $0.05 during trading on Thursday, reaching $25.49. 253 shares of the stock traded hands, compared to its average volume of 2,407. The firm has a market capitalization of $194.23 million, a PE ratio of 11.33 and a beta of 0.13. The business’s 50 day moving average price is $25.16 and its 200-day moving average price is $23.13. South Atlantic Bancshares has a 52-week low of $15.90 and a 52-week high of $26.39.

About South Atlantic Bancshares

(Get Free Report)

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.

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