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

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

Bank of South Carolina Stock Performance

Shares of BKSC opened at $11.30 on Monday. The company’s 50 day moving average price is $11.55 and its 200 day moving average price is $12.08. Bank of South Carolina has a 52 week low of $9.52 and a 52 week high of $15.02. The company has a market capitalization of $61.68 million, a PE ratio of 10.87 and a beta of 0.50.

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

Bank of South Carolina Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 8th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 6.02%. The ex-dividend date was Monday, July 8th. Bank of South Carolina’s dividend payout ratio is 65.38%.

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. bought a new position in Bank of South Carolina Co. (NASDAQ:BKSC) in the 4th quarter, according to 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 approximately 0.18% of Bank of South Carolina as of its most recent SEC filing. Hedge funds and other institutional investors own 0.18% of the company’s stock.

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.