OTCPK:SABK

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South Atlantic Bancshares

Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has South Atlantic Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SABK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.8%

SABK

-7.1%

US Banks

-2.4%

US Market


1 Year Return

-32.7%

SABK

-31.9%

US Banks

12.0%

US Market

Return vs Industry: SABK matched the US Banks industry which returned -31.9% over the past year.

Return vs Market: SABK underperformed the US Market which returned 12% over the past year.


Shareholder returns

SABKIndustryMarket
7 Day-1.8%-7.1%-2.4%
30 Day-1.2%-8.4%-6.5%
90 Day-7.0%-3.4%8.4%
1 Year-32.7%-32.7%-29.5%-31.9%14.5%12.0%
3 Year-42.6%-42.6%-23.2%-29.5%34.8%25.8%
5 Yearn/a13.8%-0.1%82.1%61.6%

Price Volatility Vs. Market

How volatile is South Atlantic Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is South Atlantic Bancshares undervalued compared to its fair value and its price relative to the market?

9.88x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SABK ($8.35) is trading above our estimate of fair value ($4.93)

Significantly Below Fair Value: SABK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SABK is poor value based on its PE Ratio (9.9x) compared to the US Banks industry average (9.3x).

PE vs Market: SABK is good value based on its PE Ratio (9.9x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SABK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SABK's PB Ratio (0.7x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is South Atlantic Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.0%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as South Atlantic Bancshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has South Atlantic Bancshares performed over the past 5 years?

24.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SABK has high quality earnings.

Growing Profit Margin: SABK's current net profit margins (19.3%) are lower than last year (20%).


Past Earnings Growth Analysis

Earnings Trend: SABK's earnings have grown significantly by 24.7% per year over the past 5 years.

Accelerating Growth: SABK's earnings growth over the past year (8.9%) is below its 5-year average (24.7% per year).

Earnings vs Industry: SABK earnings growth over the past year (8.9%) exceeded the Banks industry -3%.


Return on Equity

High ROE: SABK's Return on Equity (7.2%) is considered low.


Next Steps

Financial Health

How is South Atlantic Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: SABK's Assets to Equity ratio (8.1x) is low.

Allowance for Bad Loans: SABK has a sufficient allowance for bad loans (987%).

Low Risk Liabilities: 98% of SABK's liabilities are made up of primarily low risk sources of funding.

Loan Level: SABK has an appropriate level of Loans to Assets ratio (79%).

Low Risk Deposits: SABK's Loans to Deposits ratio (92%) is appropriate.

Level of Bad Loans: SABK has an appropriate level of bad loans (0.1%).


Next Steps

Dividend

What is South Atlantic Bancshares's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SABK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SABK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SABK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SABK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SABK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.7yrs

Average management tenure


CEO

Wayne Wicker (54 yo)

13.67yrs

Tenure

Mr. K. Wayne Wicker serves as Chairman of the Board and Chief Executive Officer of South Atlantic Bancshares, Inc. and South Atlantic Bank. He is a veteran banker with more than 28 years of experience in t ...


Leadership Team

NamePositionTenureCompensationOwnership
K. Wicker
Chairman & CEO13.67yrsno data3.19%
$ 2.0m
R. Plyler
President & Director13.67yrsno data2.05%
$ 1.3m
Richard Burch
Executive VP13.67yrsno data0.88%
$ 552.4k
Candace Cherry
Senior VP of Administration & Corporate Liaisonno datano datano data
Tanya Slavin
VP & Director of Complianceno datano datano data
Beth Branham
VP & Director of Marketingno datano datano data
Carrie Harris
Senior VP & Director of Human Resourcesno datano datano data
C. Elmore
Executive VP & Chief Credit Officerno datano datano data
Tiffany Suggs
Senior VP & Director of Deposit Operationsno datano datano data
Anne Cote
Senior VP & Director of Loan Operationsno datano datano data
Donald Kyzer
Senior VP & Director of Corporateno datano datano data
Travis Minter
Executive VP & Chief Banking Officerno datano datano data

13.7yrs

Average Tenure

54yo

Average Age

Experienced Management: SABK's management team is seasoned and experienced (13.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
K. Wicker
Chairman & CEO13.67yrsno data3.19%
$ 2.0m
R. Plyler
President & Director13.67yrsno data2.05%
$ 1.3m
Richard Burch
Executive VP13.67yrsno data0.88%
$ 552.4k
Edgar Woods
Director2.25yrsno data4.58%
$ 2.9m
Tony Cox
Director13.67yrsno data0.87%
$ 546.2k
James Benton
Director13.67yrsno data1.59%
$ 996.5k
Thomas Brittain
Director13.67yrsno data0.49%
$ 308.2k
Miles Herring
Director13.67yrsno data1.37%
$ 854.8k
Martha Lewis
Director10.67yrsno data0.18%
$ 111.6k
Albert Springs
Director13.67yrsno data0.71%
$ 442.5k
Jack Springs
Director13.67yrsno data0.54%
$ 338.7k
Michael Tawes
Director3.83yrsno data0.048%
$ 30.3k

13.7yrs

Average Tenure

59yo

Average Age

Experienced Board: SABK's board of directors are seasoned and experienced ( 13.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

South Atlantic Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: South Atlantic Bancshares, Inc.
  • Ticker: SABK
  • Exchange: OTCPK
  • Founded: 2007
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$62.534m
  • Shares outstanding: 7.49m
  • Website: https://www.southatlantic.bank

Location

  • South Atlantic Bancshares, Inc.
  • 29th Avenue North
  • Suite 630
  • Myrtle Beach
  • South Carolina
  • 29577
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SABKOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2012

Biography

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 corpor ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/26 05:50
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.