South Atlantic Bancshares (OTCMKTS:SABK) Releases Quarterly Earnings Results, Hits Estimates

South Atlantic Bancshares (OTCMKTS:SABK) released its quarterly earnings data on Tuesday. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26, reports. The business had revenue of $11.30 million during the quarter, compared to analyst estimates of $11.70 million.

South Atlantic Bancshares Stock Performance

Shares of OTCMKTS:SABK traded down $0.11 during midday trading on Thursday, reaching $10.60. The company’s stock had a trading volume of 2,117 shares, compared to its average volume of 3,977. The firm has a 50 day moving average price of $11.30 and a two-hundred day moving average price of $11.27. The firm has a market capitalization of $80.56 million, a price-to-earnings ratio of 9.15 and a beta of 0.33. South Atlantic Bancshares has a fifty-two week low of $9.69 and a fifty-two week high of $12.95.

South Atlantic Bancshares Announces Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were given a $0.10 dividend. The ex-dividend date was Tuesday, February 13th. This represents a dividend yield of 0.79%. South Atlantic Bancshares’s dividend payout ratio (DPR) is presently 8.55%.

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.