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

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

Bank of South Carolina Trading Down 1.9 %

Bank of South Carolina stock opened at $12.02 on Monday. The firm has a market cap of $65.61 million, a PE ratio of 11.56 and a beta of 0.49. The stock’s 50 day simple moving average is $11.77 and its two-hundred day simple moving average is $11.89. Bank of South Carolina has a 12 month low of $10.46 and a 12 month high of $15.02.

Bank of South Carolina Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 8th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.32%. This is an increase from Bank of South Carolina’s previous quarterly dividend of $0.17. Bank of South Carolina’s dividend payout ratio is 73.08%.

About Bank of South Carolina

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.