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

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

Bank of South Carolina Stock Up 0.1 %

Shares of Bank of South Carolina stock opened at $12.01 on Thursday. The company has a 50 day moving average of $12.49 and a 200 day moving average of $12.84. The company has a market capitalization of $65.57 million, a P/E ratio of 12.64 and a beta of 0.56. Bank of South Carolina has a 52-week low of $9.52 and a 52-week high of $15.24.

Bank of South Carolina (NASDAQ:BKSCGet Free Report) last released its quarterly earnings data on Tuesday, April 9th. The bank reported $0.25 earnings per share (EPS) for the quarter. Bank of South Carolina had a net margin of 19.55% and a return on equity of 11.85%. The company had revenue of $5.16 million during the quarter.

Bank of South Carolina Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend was Monday, April 8th. Bank of South Carolina’s dividend payout ratio is currently 71.58%.

Hedge Funds 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 stake in Bank of South Carolina Co. (NASDAQ:BKSCFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the bank’s stock, valued at approximately $150,000. Raymond James Financial Services Advisors Inc. owned 0.18% of Bank of South Carolina at the end of the most recent quarter. Hedge funds and other institutional investors own 0.18% of the company’s stock.

About Bank of South Carolina

(Get Free Report)

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.

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