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

Equities research analysts at StockNews.com started coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the bank’s stock.

Bank of South Carolina Price Performance

BKSC stock opened at $11.23 on Wednesday. Bank of South Carolina has a 1 year low of $9.52 and a 1 year high of $15.24. The company has a market cap of $61.32 million, a P/E ratio of 11.82 and a beta of 0.50. The firm has a 50-day moving average of $11.83 and a 200 day moving average of $12.42.

Bank of South Carolina (NASDAQ:BKSC) last announced 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 11.85%. The business had revenue of $5.16 million during the quarter.

Hedge Funds Weigh In On Bank of South Carolina

A hedge fund recently bought a new stake in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Bank of South Carolina Co. (NASDAQ:BKSC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 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. 0.18% of the stock is currently 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.