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 research note released on Saturday. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Stock Performance

Shares of NASDAQ:BKSC opened at $13.71 on Friday. Bank of South Carolina has a fifty-two week low of $10.56 and a fifty-two week high of $15.02. The company’s 50-day moving average is $12.50 and its 200 day moving average is $12.02. The company has a market capitalization of $74.56 million, a P/E ratio of 12.02 and a beta of 0.47.

Bank of South Carolina (NASDAQ:BKSC) last issued its earnings results on Thursday, October 10th. The bank reported $0.33 earnings per share for the quarter. The firm had revenue of $5.77 million during 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 firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 8th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Tuesday, October 8th. This is a positive change from Bank of South Carolina’s previous quarterly dividend of $0.17. Bank of South Carolina’s dividend payout ratio (DPR) 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.