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

StockNews.com began 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 Price Performance

Bank of South Carolina stock opened at $12.15 on Friday. The stock’s 50 day moving average price is $11.53 and its 200 day moving average price is $12.18. The company has a market cap of $66.19 million, a PE ratio of 11.68 and a beta of 0.50. Bank of South Carolina has a 1-year low of $9.52 and a 1-year high of $15.02.

Bank of South Carolina (NASDAQ:BKSC) last posted its quarterly earnings results on Thursday, July 11th. The bank reported $0.32 earnings per share (EPS) for the quarter. Bank of South Carolina had a return on equity of 12.72% and a net margin of 20.76%. The firm 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. Stockholders of record on Monday, July 8th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.60%. Bank of South Carolina’s dividend payout ratio (DPR) is presently 65.39%.

Institutional Trading of Bank of South Carolina

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 shares of Bank of South Carolina Co. (NASDAQ:BKSC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 SEC filing. Institutional investors and hedge funds 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.