Bank of South Carolina (NASDAQ:BKSC) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Bank of South Carolina Co. (NASDAQ:BKSC)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.30 and traded as high as $13.48. Bank of South Carolina shares last traded at $13.48, with a volume of 1,496 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Bank of South Carolina in a research note on Friday. They issued a “sell” rating for the company.

Bank of South Carolina Stock Down 1.6 %

The stock has a 50 day simple moving average of $13.30 and a 200 day simple moving average of $12.33. The company has a market capitalization of $72.11 million, a price-to-earnings ratio of 11.64 and a beta of 0.47.

Bank of South Carolina (NASDAQ:BKSC) last issued its quarterly earnings data on Thursday, October 10th. The bank reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $5.77 million during the quarter. Bank of South Carolina had a return on equity of 12.84% and a net margin of 22.15%.

Bank of South Carolina Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.73%. Bank of South Carolina’s dividend payout ratio is presently 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.