Bank of South Carolina (NASDAQ:BKSC) Receives New Coverage from Analysts at StockNews.com

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

Bank of South Carolina Stock Performance

Shares of BKSC stock opened at $12.15 on Friday. Bank of South Carolina has a 52-week low of $9.52 and a 52-week high of $15.02. The stock has a market cap of $66.19 million, a price-to-earnings ratio of 11.68 and a beta of 0.50. The firm has a fifty day moving average of $11.53 and a 200-day moving average of $12.18.

Bank of South Carolina (NASDAQ:BKSC) last issued its quarterly earnings results on Thursday, July 11th. The bank reported $0.32 earnings per share for the quarter. Bank of South Carolina had a net margin of 20.76% and a return on equity of 12.72%. The business had revenue of $5.61 million during the quarter.

Bank of South Carolina Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.68 annualized dividend and a yield of 5.60%. Bank of South Carolina’s dividend payout ratio is currently 65.39%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. purchased a new stake in Bank of South Carolina Co. (NASDAQ:BKSC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 filing with the Securities and Exchange Commission. Institutional investors own 0.18% of the company’s stock.

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.