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

South Atlantic Bancshares (OTCMKTS:SABK) is expected to issue its quarterly earnings data on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.39 per share for the quarter.

South Atlantic Bancshares (OTCMKTS:SABK) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $24.51 million during the quarter, compared to analyst estimates 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 Price Performance

OTCMKTS:SABK opened at $15.50 on Thursday. The firm has a market capitalization of $117.32 million, a P/E ratio of 13.03 and a beta of 0.38. South Atlantic Bancshares has a 1-year low of $10.45 and a 1-year high of $20.10. The company’s fifty day moving average price is $15.67 and its 200-day moving average price is $14.51.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott upgraded shares of South Atlantic Bancshares from a “neutral” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note 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.