StockNews.com Begins Coverage on Bank of South Carolina (NASDAQ:BKSC)

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

Bank of South Carolina Price Performance

Shares of Bank of South Carolina stock opened at $11.55 on Wednesday. Bank of South Carolina has a 1 year low of $9.52 and a 1 year high of $15.02. The company has a market capitalization of $63.04 million, a P/E ratio of 11.11 and a beta of 0.50. The business has a 50 day moving average price of $11.63 and a 200 day moving average price of $11.99.

Bank of South Carolina (NASDAQ:BKSC) last issued its quarterly earnings data on Thursday, July 11th. The bank reported $0.32 earnings per share (EPS) for the quarter. Bank of South Carolina had a return on equity of 12.48% and a net margin of 20.76%. The firm had revenue of $5.61 million during the quarter.

Bank of South Carolina Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 8th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.89%. Bank of South Carolina’s payout ratio is 65.38%.

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.