Bank of South Carolina (NASDAQ:BKSC) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a report issued on Thursday morning. The firm issued a sell rating on the bank’s stock.

Bank of South Carolina Stock Up 1.0 %

Shares of BKSC opened at $12.02 on Thursday. Bank of South Carolina has a 52 week low of $9.52 and a 52 week high of $15.24. The business has a 50-day simple moving average of $11.67 and a two-hundred day simple moving average of $12.28. The stock has a market cap of $65.63 million, a price-to-earnings ratio of 11.56 and a beta of 0.50.

Bank of South Carolina (NASDAQ:BKSC) last released its quarterly earnings results on Thursday, July 11th. The bank reported $0.32 earnings per share for the quarter. The business had revenue of $5.61 million during the quarter. Bank of South Carolina had a return on equity of 12.72% and a net margin of 20.76%.

Bank of South Carolina Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 8th will be given a $0.17 dividend. The ex-dividend date is Monday, July 8th. This represents a $0.68 annualized dividend and a yield of 5.66%. Bank of South Carolina’s payout ratio is 65.39%.

Hedge Funds Weigh In On Bank of South Carolina

An institutional investor recently bought a new position in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Bank of South Carolina Co. (NASDAQ:BKSC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the bank’s stock, valued at approximately $150,000. Raymond James Financial Services Advisors Inc. owned about 0.18% of Bank of South Carolina as of its most recent SEC filing. Institutional investors and hedge funds own 0.18% of the company’s stock.

Bank of South Carolina Company Profile

Bank of South Carolina Corporation operates as a bank holding company for The Bank of South Carolina that provides a range of financial products and services primarily in Charleston, Berkeley, and Dorchester counties of South Carolina. Its deposits include non-interest-bearing demand accounts, NOW accounts, money market accounts, time deposits, and savings accounts, as well as certificates of deposit.