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

Posted by Maria Luz-Campos on Jul 27th, 2024

StockNews.com initiated coverage on shares of Bank of South Carolina (NASDAQ:BKSC – Free Report) in a research note issued to investors on Friday. The firm issued a sell rating on the bank’s stock.

Bank of South Carolina Trading Up 1.3 %

BKSC stock opened at $11.75 on Friday. The company has a market cap of $64.04 million, a price-to-earnings ratio of 11.15 and a beta of 0.50. The firm has a 50 day moving average of $11.57 and a 200-day moving average of $12.23. 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 – Get Free Report) last posted its earnings results on Thursday, July 11th. The bank reported $0.32 EPS for the quarter. Bank of South Carolina had a return on equity of 12.72% and a net margin of 20.76%. The company had revenue of $5.61 million for the quarter.

Bank of South Carolina Announces Dividend

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 issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend is Monday, July 8th. Bank of South Carolina’s dividend payout ratio (DPR) is presently 65.39%.

Institutional Trading of 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 stake in shares of Bank of South Carolina Co. (NASDAQ:BKSC – Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,000 shares of the bank’s stock, valued at approximately $150,000. Raymond James Financial Services Advisors Inc. owned about 0.18% of Bank of South Carolina as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.18% of the company’s stock.

About Bank of South Carolina

(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.