Bank of South Carolina (NASDAQ:BKSC) Receives New Coverage from Analysts at StockNews.com

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

Bank of South Carolina Stock Performance

Shares of NASDAQ:BKSC traded down $0.15 during trading hours on Friday, hitting $12.15. 838 shares of the company’s stock traded hands, compared to its average volume of 3,286. Bank of South Carolina has a 52 week low of $9.52 and a 52 week high of $15.24. The company’s fifty day simple moving average is $11.53 and its two-hundred day simple moving average is $12.18. The company has a market cap of $66.22 million, a price-to-earnings ratio of 11.68 and a beta of 0.50.

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

Bank of South Carolina Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 8th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend was Monday, July 8th. Bank of South Carolina’s payout ratio is 65.39%.

Institutional Inflows and Outflows

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 Bank of South Carolina Co. (NASDAQ:BKSC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the bank’s stock, valued at approximately $150,000. Raymond James Financial Services Advisors Inc. owned approximately 0.18% of Bank of South Carolina at the end of the most recent reporting period. 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.