South Atlantic Bancshares, Inc. (OTCMKTS:SABK – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 300 shares, a decrease of 40.0% from the September 30th total of 500 shares. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is currently 0.1 days.
South Atlantic Bancshares Stock Performance
Shares of OTCMKTS SABK opened at $14.27 on Friday. The firm’s 50 day moving average price is $14.05 and its 200-day moving average price is $12.88. The company has a market cap of $108.00 million, a PE ratio of 12.20 and a beta of 0.37. South Atlantic Bancshares has a 52-week low of $9.86 and a 52-week high of $15.49.
South Atlantic Bancshares (OTCMKTS:SABK – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The firm had revenue of $24.51 million during the quarter, compared to the consensus estimate of $12.30 million. On average, analysts forecast that South Atlantic Bancshares will post 1.28 earnings per share for the current fiscal year.
About South Atlantic Bancshares
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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