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

Posted by Tyrone Williams on Jan 12th, 2025

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

Bank of South Carolina Stock Performance

Shares of BKSC opened at $13.27 on Friday. The stock’s fifty day moving average is $13.30 and its 200-day moving average is $12.34. The firm has a market capitalization of $72.10 million, a price-to-earnings ratio of 11.64 and a beta of 0.47. Bank of South Carolina has a one year low of $10.56 and a one year high of $13.99.

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

Bank of South Carolina Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date is Tuesday, December 31st. Bank of South Carolina’s dividend payout ratio (DPR) is presently 61.79%.

Bank of South Carolina Company Profile

(Get Free Report)

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.