Bank of South Carolina (NASDAQ:BKSC) Stock Crosses Above 200 Day Moving Average – What’s Next?

Bank of South Carolina Co. (NASDAQ:BKSC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.30 and traded as high as $13.48. Bank of South Carolina shares last traded at $13.48, with a volume of 1,496 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Bank of South Carolina in a research note on Friday. They issued a “sell” rating on the stock.

Bank of South Carolina Stock Down 1.6 %

The company’s fifty day simple moving average is $13.30 and its two-hundred day simple moving average is $12.33. The company has a market capitalization of $72.11 million, a price-to-earnings ratio of 11.64 and a beta of 0.47.

Bank of South Carolina (NASDAQ:BKSC) last posted its earnings results on Thursday, October 10th. The bank reported $0.33 earnings per share for the quarter. Bank of South Carolina had a net margin of 22.15% and a return on equity of 12.84%. The company had revenue of $5.77 million for the quarter.

Bank of South Carolina Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 5.73%. Bank of South Carolina’s payout ratio is currently 66.67%.

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.