South Atlantic Bancshares (SABK) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
South Atlantic Bancshares (SABK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
South Atlantic Bancshares, Inc. (SABK) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.43 per share a year ago.
| Banks Industry | Financials Sector | K. Wayne Wicker CEO | OTCQX Exchange | 83636T104 CUSIP |
| US Country | 164 Employees | 13 Feb 2026 Last Dividend | 10 Nov 2017 Last Split | - IPO Date |
South Atlantic Bancshares, Inc. serves as a vital bank holding entity for South Atlantic Bank, offering a comprehensive array of consumer and commercial banking products and services. Catering to individuals, small businesses, and corporations primarily within South Carolina, the bank stands out for its personalized service approach and wide network. Founded in 2007 with its headquarters in Myrtle Beach, South Carolina, the company has strategically expanded its operational footprint across various strategic locations. Its offices are situated in notable cities and towns including Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton, Hilton Head Island, and Beaufort, ensuring a robust presence throughout the state.
Offers an extensive range of account options such as checking, money market, savings accounts, and certificates of deposit, along with individual retirement and health savings accounts to cater to varying customer needs for both personal and business banking.
Provides various loan products, including personal, auto, and recreational loans. Additionally, it offers home equity loans and ready reserve overdraft lines of credit, ensuring customers have access to funds when they need them. Its suite of commercial lending products caters to business needs for growth and expansion.
The bank offers credit card services tailored to both individuals and businesses, facilitating flexible spending and financial management options.
Advanced cash management solutions and merchant card services are available, supporting businesses in efficiently managing their cash flows and transactions.
Enhances banking convenience by allowing customers to deposit checks remotely and utilize ACH services for electronic funds transfers, streamlining payment processes for both individuals and businesses.
Provides comprehensive digital and telephonic banking services, enabling customers to manage their finances conveniently from anywhere, fostering a seamless banking experience.
Offers personal and business check services, catering to traditional banking needs with a modern touch.
Equips customers with various mortgage offerings to support home buying or refinancing needs, guided by expert advice and tailored solutions.
Provides wealth management solutions that help clients grow, manage, and conserve their wealth with the assistance of experienced financial advisors, offering a holistic approach to financial planning.