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

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

South Atlantic Bancshares Stock Performance

SABK remained flat at $14.27 on Friday. 451 shares of the company were exchanged, compared to its average volume of 5,857. The company has a market capitalization of $108.00 million, a P/E ratio of 12.20 and a beta of 0.37. The company’s fifty day simple moving average is $14.04 and its 200 day simple moving average is $12.85. South Atlantic Bancshares has a 12-month low of $9.86 and a 12-month high of $15.49.

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.