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

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

Bank of South Carolina Trading Up 0.9 %

Shares of BKSC opened at $11.79 on Monday. Bank of South Carolina has a 12-month low of $9.52 and a 12-month high of $15.02. The company has a market cap of $64.35 million, a PE ratio of 11.34 and a beta of 0.50. The stock has a 50-day moving average price of $11.55 and a 200-day moving average price of $12.08.

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

Bank of South Carolina Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 8th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date was Monday, July 8th. Bank of South Carolina’s payout ratio is currently 65.38%.

Institutional Investors Weigh In On Bank of South Carolina

A hedge fund recently bought a new stake in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. bought a new position in Bank of South Carolina Co. (NASDAQ:BKSC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,000 shares of the bank’s stock, valued at approximately $150,000. Raymond James Financial Services Advisors Inc. owned approximately 0.18% of Bank of South Carolina at the end of the most recent quarter. 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.