South Atlantic Bancshares (SABK) to Release Quarterly Earnings on Wednesday

South Atlantic Bancshares (OTCMKTS:SABK) is anticipated to issue its results before the market opens on Wednesday, October 22nd. Analysts expect the company to announce earnings of $0.50 per share for the quarter.

South Atlantic Bancshares (OTCMKTS:SABK) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $15.13 million for the quarter, compared to analyst estimates of $13.92 million. On average, analysts expect South Atlantic Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

South Atlantic Bancshares Stock Performance

OTCMKTS SABK opened at $16.52 on Tuesday. The business has a fifty day moving average price of $17.20 and a 200 day moving average price of $16.22. South Atlantic Bancshares has a one year low of $13.77 and a one year high of $20.10. The company has a market cap of $123.90 million, a P/E ratio of 9.95 and a beta of 0.20.

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.