South Atlantic Bancshares (OTCMKTS:SABK) Stock Price Down 0.1% – Should You Sell?

South Atlantic Bancshares, Inc. (OTCMKTS:SABK) shares dropped 0.1% during mid-day trading on Friday . The stock traded as low as $14.01 and last traded at $14.03. Approximately 10,373 shares traded hands during trading, an increase of 70% from the average daily volume of 6,085 shares. The stock had previously closed at $14.04.

South Atlantic Bancshares Trading Down 0.1 %

The firm has a fifty day simple moving average of $14.04 and a 200 day simple moving average of $12.52. The stock has a market cap of $106.21 million, a price-to-earnings ratio of 11.99 and a beta of 0.37.

South Atlantic Bancshares (OTCMKTS:SABK) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The firm had revenue of $22.73 million for the quarter, compared to the consensus estimate of $11.60 million. On average, equities analysts expect that South Atlantic Bancshares, Inc. will post 1.28 earnings per share for the current year.

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.