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

StockNews.com assumed coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a research report sent to investors on Thursday morning. The firm issued a sell rating on the bank’s stock.

Bank of South Carolina Trading Down 1.4 %

NASDAQ:BKSC traded down $0.18 during midday trading on Thursday, hitting $13.03. 450 shares of the stock were exchanged, compared to its average volume of 3,138. The business has a 50-day moving average price of $12.11 and a two-hundred day moving average price of $11.94. The company has a market capitalization of $71.01 million, a price-to-earnings ratio of 11.43 and a beta of 0.47. Bank of South Carolina has a one year low of $10.56 and a one year high of $15.02.

Bank of South Carolina (NASDAQ:BKSC) last posted 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 net margin of 22.15% and a return on equity of 13.18%. The business had revenue of $5.77 million for the quarter.

Bank of South Carolina Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 8th were issued a $0.19 dividend. This is a positive change from Bank of South Carolina’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a yield of 5.83%. The ex-dividend date of this dividend was Tuesday, October 8th. Bank of South Carolina’s dividend payout ratio is currently 66.67%.

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.