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

StockNews.com started coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a report released on Sunday. The firm set a “sell” rating on the bank’s stock.

Bank of South Carolina Stock Performance

BKSC opened at $11.30 on Friday. The stock has a market capitalization of $61.70 million, a P/E ratio of 11.89 and a beta of 0.53. The company’s 50-day simple moving average is $12.20 and its two-hundred day simple moving average is $12.76. Bank of South Carolina has a 52-week low of $9.52 and a 52-week high of $15.24.

Bank of South Carolina (NASDAQ:BKSC) last posted its earnings results on Tuesday, April 9th. The bank reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $5.16 million for the quarter. Bank of South Carolina had a net margin of 19.55% and a return on equity of 11.85%.

Hedge Funds Weigh In On Bank of South Carolina

A hedge fund recently bought a new stake in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. acquired a new position in Bank of South Carolina Co. (NASDAQ:BKSC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the bank’s stock, valued at approximately $150,000. Raymond James Financial Services Advisors Inc. owned 0.18% of Bank of South Carolina as of its most recent SEC filing. Institutional investors own 0.18% of the company’s stock.

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.