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

South Atlantic Bancshares, Inc. (OTCMKTS:SABK) shares dropped 0.1% on Friday . The company traded as low as $14.01 and last traded at $14.03. Approximately 10,373 shares were traded during mid-day 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 Stock Down 0.1 %

The firm has a market cap of $106.21 million, a PE ratio of 11.99 and a beta of 0.37. The stock’s fifty day simple moving average is $14.04 and its two-hundred day simple moving average is $12.54.

South Atlantic Bancshares (OTCMKTS:SABK) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $22.73 million during the quarter, compared to analysts’ expectations of $11.60 million. On average, equities research analysts anticipate that South Atlantic Bancshares, Inc. will post 1.28 earnings per share for the current fiscal 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.