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

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

Bank of South Carolina Trading Up 1.0 %

Shares of NASDAQ:BKSC opened at $12.02 on Thursday. The stock’s 50-day moving average price is $11.67 and its two-hundred day moving average price is $12.29. Bank of South Carolina has a 12-month low of $9.52 and a 12-month high of $15.24. The firm has a market cap of $65.63 million, a price-to-earnings ratio of 11.56 and a beta of 0.50.

Bank of South Carolina (NASDAQ:BKSC) last issued its quarterly earnings results on Thursday, July 11th. The bank reported $0.32 earnings per share (EPS) for the quarter. Bank of South Carolina had a return on equity of 12.72% and a net margin of 20.76%. The firm had revenue of $5.61 million for the quarter.

Bank of South Carolina Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 8th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date is Monday, July 8th. Bank of South Carolina’s payout ratio is 65.39%.

Institutional Trading of Bank of South Carolina

A hedge fund recently bought a new stake in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. acquired a new stake in Bank of South Carolina Co. (NASDAQ:BKSC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,000 shares of the bank’s stock, valued at approximately $150,000. Raymond James Financial Services Advisors Inc. owned approximately 0.18% of Bank of South Carolina at the end of the most recent reporting period. 0.18% of the stock is owned by institutional investors.

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.