South Atlantic Bancshares, Inc. (OTCMKTS:SABK) Plans $0.10 Annual Dividend

South Atlantic Bancshares, Inc. (OTCMKTS:SABK) announced an annual dividend on Tuesday, January 21st,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.10 per share on Friday, February 28th. This represents a yield of 0.64%. The ex-dividend date of this dividend is Friday, February 14th.

South Atlantic Bancshares Stock Up 1.2 %

Shares of South Atlantic Bancshares stock opened at $15.78 on Wednesday. South Atlantic Bancshares has a 52 week low of $10.45 and a 52 week high of $20.10. The stock’s 50-day simple moving average is $15.73 and its 200-day simple moving average is $14.88. The company has a market capitalization of $119.44 million, a price-to-earnings ratio of 13.26 and a beta of 0.37.

South Atlantic Bancshares (OTCMKTS:SABK) last released its earnings results on Thursday, January 23rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. On average, equities analysts expect that South Atlantic Bancshares will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised South Atlantic Bancshares from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday, December 3rd.

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.