South Atlantic Bancshares (SABK) to Release Earnings on Thursday

South Atlantic Bancshares (OTCMKTS:SABKGet Free Report) is expected to be announcing its earnings results on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.39 per share for the quarter.

South Atlantic Bancshares (OTCMKTS:SABKGet Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $24.51 million for the quarter, compared to analyst estimates of $12.30 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 Price Performance

OTCMKTS SABK opened at $15.71 on Tuesday. South Atlantic Bancshares has a one year low of $10.45 and a one year high of $20.10. The stock’s 50-day moving average is $15.75 and its 200-day moving average is $14.57. The firm has a market cap of $118.91 million, a P/E ratio of 13.20 and a beta of 0.38.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised South Atlantic Bancshares from a “neutral” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Tuesday, December 3rd.

Get Our Latest Stock Report on SABK

South Atlantic Bancshares Company Profile

(Get Free Report)

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.

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Earnings History for South Atlantic Bancshares (OTCMKTS:SABK)

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