South Atlantic Bancshares, Inc. (OTCMKTS:SABK) Short Interest Update

South Atlantic Bancshares, Inc. (OTCMKTS:SABK) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 800 shares, a growth of 300.0% from the February 29th total of 200 shares. Based on an average trading volume of 7,100 shares, the days-to-cover ratio is currently 0.1 days.

South Atlantic Bancshares Stock Performance

Shares of SABK stock traded down $0.01 during trading hours on Wednesday, reaching $10.99. The company had a trading volume of 5,145 shares, compared to its average volume of 4,942. The business has a fifty day moving average price of $12.01 and a 200-day moving average price of $11.19. South Atlantic Bancshares has a one year low of $9.69 and a one year high of $13.13. The firm has a market cap of $83.19 million, a PE ratio of 8.33 and a beta of 0.34.

South Atlantic Bancshares (OTCMKTS:SABK) last announced its earnings results on Thursday, January 25th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $11.80 million for the quarter, compared to the consensus estimate of $11.50 million. Equities research analysts forecast that South Atlantic Bancshares will post 1.33 EPS for the current year.

South Atlantic Bancshares Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, February 13th. This represents a yield of 0.79%. South Atlantic Bancshares’s dividend payout ratio (DPR) is 7.58%.

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.