South Atlantic Bancshares (SABK) Projected to Post Earnings on Thursday
by Doug Wharley · The Cerbat GemSouth Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) will likely be posting its resultson Thursday, April 23rd. Analysts expect South Atlantic Bancshares to post earnings of $0.58 per share and revenue of $16.80 million for the quarter.
South Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) last released its earnings results on Thursday, January 22nd. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06. The business had revenue of $16.46 million during the quarter, compared to the consensus estimate of $14.17 million. On average, analysts expect South Atlantic Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
South Atlantic Bancshares Price Performance
SABK stock opened at $22.67 on Wednesday. South Atlantic Bancshares has a 52-week low of $14.56 and a 52-week high of $23.95. The company’s 50 day simple moving average is $22.70 and its 200-day simple moving average is $20.38. The firm has a market capitalization of $172.07 million, a P/E ratio of 10.80 and a beta of 0.08.
Analyst Upgrades and Downgrades
Separately, Zacks Research lowered shares of South Atlantic Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Analysis on South Atlantic Bancshares
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.