South Atlantic Bancshares (OTC:SABK) Rating Lowered to “Neutral” at Janney Montgomery Scott

South Atlantic Bancshares (OTC:SABK) was downgraded by research analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports.

South Atlantic Bancshares Trading Up 5.9 %

Shares of South Atlantic Bancshares stock opened at $18.47 on Tuesday. South Atlantic Bancshares has a 52 week low of $9.91 and a 52 week high of $20.10. The firm has a market capitalization of $139.82 million, a PE ratio of 15.52 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.