Bank of South Carolina (NASDAQ:BKSC) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSCFree Report) in a research report sent to investors on Wednesday. The firm issued a sell rating on the bank’s stock.

Bank of South Carolina Trading Up 1.4 %

Shares of Bank of South Carolina stock opened at $12.79 on Wednesday. The company’s 50-day moving average price is $12.45 and its 200-day moving average price is $12.80. Bank of South Carolina has a 12-month low of $9.52 and a 12-month high of $15.24. The company has a market cap of $69.83 million, a price-to-earnings ratio of 13.46 and a beta of 0.56.

Bank of South Carolina (NASDAQ:BKSCGet Free Report) last posted its earnings results on Tuesday, April 9th. The bank reported $0.25 earnings per share for the quarter. Bank of South Carolina had a net margin of 19.55% and a return on equity of 12.11%. The business had revenue of $5.16 million for the quarter.

Bank of South Carolina Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 5.32%. The ex-dividend date was Monday, April 8th. Bank of South Carolina’s dividend payout ratio is 71.58%.

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. acquired a new position in shares of Bank of South Carolina Co. (NASDAQ:BKSCFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 quarter. 0.18% of the stock is owned by institutional investors.

Bank of South Carolina Company Profile

(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.

Further Reading

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