Bank of South Carolina (NASDAQ:BKSC) Coverage Initiated by Analysts at StockNews.com

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

Bank of South Carolina Price Performance

BKSC opened at $13.71 on Friday. The company has a market capitalization of $74.56 million, a price-to-earnings ratio of 12.02 and a beta of 0.47. The firm’s fifty day moving average price is $12.50 and its two-hundred day moving average price is $12.02. Bank of South Carolina has a 1 year low of $10.56 and a 1 year high of $15.02.

Bank of South Carolina (NASDAQ:BKSC) last posted its quarterly earnings data on Thursday, October 10th. The bank reported $0.33 earnings per share (EPS) for the quarter. The firm had revenue of $5.77 million for the quarter. Bank of South Carolina had a net margin of 22.15% and a return on equity of 13.18%.

Bank of South Carolina Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.55%. This is an increase from Bank of South Carolina’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, October 8th. Bank of South Carolina’s payout ratio is currently 66.67%.

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.