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

South Atlantic Bancshares (OTCMKTS:SABK) posted its earnings results on Wednesday. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03, Yahoo Finance reports. The business had revenue of $24.51 million for the quarter, compared to analyst estimates of $12.30 million.

South Atlantic Bancshares Stock Performance

SABK opened at $14.27 on Friday. The firm has a 50 day moving average price of $14.05 and a 200 day moving average price of $12.88. The company has a market cap of $108.00 million, a PE ratio of 12.20 and a beta of 0.37. South Atlantic Bancshares has a 1 year low of $9.86 and a 1 year 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.