South Atlantic Bancshares, Inc. (SABK) to Issue Annual Dividend of $0.10 on February 28th

South Atlantic Bancshares, Inc. (OTCMKTS:SABK) announced an annual dividend on Tuesday, January 21st,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.10 per share on Friday, February 28th. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, February 14th.

South Atlantic Bancshares Price Performance

OTCMKTS:SABK opened at $15.78 on Wednesday. The company has a fifty day moving average price of $15.73 and a 200 day moving average price of $14.88. The stock has a market cap of $119.44 million, a P/E ratio of 13.26 and a beta of 0.37. South Atlantic Bancshares has a one year low of $10.45 and a one year high of $20.10.

South Atlantic Bancshares (OTCMKTS:SABK) last posted its earnings results on Thursday, January 23rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. As a group, equities research analysts anticipate that South Atlantic Bancshares will post 1.35 EPS for the current year.

Analysts Set New Price Targets

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

About South Atlantic Bancshares

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.