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

StockNews.com initiated coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a research note issued to investors on Monday morning. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Price Performance

NASDAQ BKSC opened at $11.05 on Monday. The firm’s fifty day moving average price is $12.05 and its 200 day moving average price is $12.63. The company has a market capitalization of $60.33 million, a price-to-earnings ratio of 11.63 and a beta of 0.53. Bank of South Carolina has a 12 month low of $9.52 and a 12 month high of $15.24.

Bank of South Carolina (NASDAQ:BKSC) last issued its quarterly earnings results on Tuesday, April 9th. The bank reported $0.25 earnings per share for the quarter. The firm had revenue of $5.16 million during the quarter. Bank of South Carolina had a net margin of 19.55% and a return on equity of 11.85%.

Institutional Trading of Bank of South Carolina

An institutional investor recently bought a new position in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. bought a new position in Bank of South Carolina Co. (NASDAQ:BKSC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission. 0.18% of the stock is owned by institutional investors.

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.