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

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

Bank of South Carolina Trading Down 1.9 %

Shares of Bank of South Carolina stock opened at $12.02 on Monday. Bank of South Carolina has a twelve month low of $10.46 and a twelve month high of $15.02. The firm has a market capitalization of $65.61 million, a PE ratio of 11.56 and a beta of 0.49. The firm’s 50-day moving average price is $11.77 and its 200 day moving average price is $11.89.

Bank of South Carolina Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 8th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, October 8th. This is a positive change from Bank of South Carolina’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.32%. Bank of South Carolina’s payout ratio is currently 73.08%.

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.