South Atlantic Bancshares (OTC:SABK) Downgraded by Janney Montgomery Scott to “Neutral”

Janney Montgomery Scott lowered shares of South Atlantic Bancshares (OTC:SABK) from a buy rating to a neutral rating in a research report report published on Tuesday morning, Marketbeat reports.

South Atlantic Bancshares Stock Down 4.4 %

OTC:SABK opened at $15.35 on Tuesday. South Atlantic Bancshares has a 1-year low of $9.91 and a 1-year high of $20.10. The stock has a market capitalization of $116.17 million, a P/E ratio of 13.49 and a beta of 0.37.

South Atlantic Bancshares Company Profile

South Atlantic Bancshares, Inc operates as the bank holding company for South Atlantic Bank which provides banking products and services to individuals and businesses primarily in Horry, Georgetown, and Charleston counties, South Carolina. The company offers checking, money market and savings accounts; certificates of deposits, individual retirement accounts, health savings accounts and residential first mortgages, secured loans, home equity lines of credit, auto and recreational vehicle loans, ready reserve overdraft lines of credit, revolving lines of credit as well as term loans for financing equipment.