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

StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a report published on Friday morning. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Stock Up 1.3 %

Bank of South Carolina stock opened at $11.75 on Friday. The business has a 50 day moving average price of $11.57 and a two-hundred day moving average price of $12.21. The stock has a market cap of $64.13 million, a price-to-earnings ratio of 11.30 and a beta of 0.50. 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 posted its quarterly earnings results on Thursday, July 11th. The bank reported $0.32 EPS for the quarter. The firm had revenue of $5.61 million during the quarter. Bank of South Carolina had a return on equity of 12.72% and a net margin of 20.76%.

Bank of South Carolina Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 8th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.79%. Bank of South Carolina’s payout ratio is presently 65.38%.

Hedge Funds Weigh In On 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 fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 quarter. 0.18% of the stock is currently owned by institutional investors and hedge funds.

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.