South Atlantic Bancshares (OTCMKTS:SABK) Trading Up 1.1% – Still a Buy?

South Atlantic Bancshares, Inc. (OTCMKTS:SABKGet Free Report)’s share price rose 1.1% during trading on Monday . The company traded as high as $19.25 and last traded at $19.20. Approximately 12,125 shares traded hands during mid-day trading, an increase of 502% from the average daily volume of 2,014 shares. The stock had previously closed at $19.00.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of South Atlantic Bancshares from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

View Our Latest Report on SABK

South Atlantic Bancshares Trading Up 1.1%

The stock has a 50 day moving average of $18.86 and a 200-day moving average of $17.40. The stock has a market capitalization of $144.38 million, a P/E ratio of 10.16 and a beta of 0.15.

South Atlantic Bancshares (OTCMKTS:SABKGet Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. The business had revenue of $16.36 million during the quarter, compared to the consensus estimate of $15.50 million. Research analysts anticipate that South Atlantic Bancshares, Inc. will post 1.35 EPS for the current year.

South Atlantic Bancshares Company Profile

(Get Free Report)

South Atlantic Bancshares, Inc is the bank holding company for South Atlantic Bank, a Florida-based community bank that provides a comprehensive suite of financial services. The company operates through its subsidiary to offer personalized banking solutions designed for individuals, small businesses, and commercial clients. By focusing on relationship-driven banking, South Atlantic Bancshares aims to deliver tailored financial products that address the unique needs of its customers.

The company’s core offerings include a variety of deposit accounts, such as checking, savings and money market products, alongside lending solutions encompassing commercial real estate loans, construction financing, equipment loans and consumer mortgages.

Recommended Stories

Receive News & Ratings for South Atlantic Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Atlantic Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.