South Atlantic Bancshares (SABK) Expected to Announce Quarterly Earnings on Thursday

South Atlantic Bancshares (OTCMKTS:SABK) is expected to be posting its quarterly earnings results on Thursday, January 23rd. Analysts expect South Atlantic Bancshares to post earnings of $0.39 per share for the quarter.

South Atlantic Bancshares (OTCMKTS:SABK) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $24.51 million for the quarter, compared to the consensus estimate of $12.30 million. On average, analysts expect South Atlantic Bancshares to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

South Atlantic Bancshares Stock Up 0.3 %

SABK stock opened at $15.75 on Wednesday. The stock’s 50 day moving average is $15.78 and its 200-day moving average is $14.60. South Atlantic Bancshares has a twelve month low of $10.45 and a twelve month high of $20.10. The firm has a market capitalization of $119.21 million, a PE ratio of 13.24 and a beta of 0.38.

Wall Street Analyst Weigh In

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

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.