South Atlantic Bancshares (SABK) Expected to Post Quarterly Earnings on Thursday

South Atlantic Bancshares (OTCMKTS:SABK) is expected to be posting its resultson Thursday, July 23rd. Analysts expect the company to post earnings of $0.58 per share and revenue of $16.60 million for the quarter.

South Atlantic Bancshares (OTCMKTS:SABK) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. The firm had revenue of $16.00 million for the quarter, compared to the consensus estimate of $16.80 million. On average, analysts expect South Atlantic Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

South Atlantic Bancshares Stock Performance

SABK stock opened at $26.00 on Thursday. South Atlantic Bancshares has a fifty-two week low of $15.85 and a fifty-two week high of $26.39. The company has a market capitalization of $197.73 million, a price-to-earnings ratio of 11.56 and a beta of 0.13. The business’s 50 day moving average price is $25.02 and its two-hundred day moving average price is $22.91.

South Atlantic Bancshares Company Profile

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.