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

StockNews.com assumed coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a report released on Sunday. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Price Performance

BKSC stock opened at $11.85 on Friday. The stock has a market capitalization of $64.68 million, a P/E ratio of 11.39 and a beta of 0.49. Bank of South Carolina has a 1-year low of $10.22 and a 1-year high of $15.02. The business has a fifty day moving average price of $11.79 and a 200-day moving average price of $11.91.

Bank of South Carolina (NASDAQ:BKSC) last issued its earnings results on Thursday, July 11th. The bank reported $0.32 earnings per share for the quarter. The business had revenue of $5.61 million during the quarter. Bank of South Carolina had a return on equity of 12.48% and a net margin of 20.76%.

Bank of South Carolina Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.19 per share. 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 yield of 6.41%. Bank of South Carolina’s payout ratio is currently 73.08%.

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.