Bank of South Carolina (NASDAQ:BKSC) Shares Pass Above 200 Day Moving Average – Here’s Why

Bank of South Carolina Co. (NASDAQ:BKSC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.40 and traded as high as $13.11. Bank of South Carolina shares last traded at $13.10, with a volume of 3,542 shares.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Bank of South Carolina in a report on Saturday. They set a “sell” rating for the company.

Bank of South Carolina Stock Performance

The stock has a market capitalization of $71.13 million, a price-to-earnings ratio of 10.65 and a beta of 0.47. The business’s 50 day simple moving average is $13.32 and its 200-day simple moving average is $12.40.

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 5.80%. Bank of South Carolina’s dividend payout ratio is presently 61.79%.

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.