South Atlantic Bancshares (SABK) Expected to Release Earnings on Thursday

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

South Atlantic Bancshares (OTCMKTS:SABK) last issued its earnings results on Thursday, April 23rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The company had revenue of $16.00 million during the quarter, compared to analyst estimates 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 Price Performance

OTCMKTS SABK opened at $25.50 on Wednesday. The firm’s fifty day moving average price is $25.14 and its 200 day moving average price is $23.09. The company has a market capitalization of $194.31 million, a price-to-earnings ratio of 11.33 and a beta of 0.13. South Atlantic Bancshares has a 12 month low of $15.90 and a 12 month high of $26.39.

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.