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 research note issued to investors on Saturday. The firm issued a sell rating on the bank’s stock.

Bank of South Carolina Price Performance

BKSC opened at $12.00 on Friday. Bank of South Carolina has a fifty-two week low of $10.22 and a fifty-two week high of $15.02. The firm has a market capitalization of $65.50 million, a PE ratio of 11.54 and a beta of 0.49. The company’s 50-day moving average is $11.74 and its 200 day moving average is $11.93.

Bank of South Carolina (NASDAQ:BKSC) last posted its quarterly earnings data 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 net margin of 20.76% and a return on equity of 12.48%.

Bank of South Carolina Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 8th will be paid a $0.19 dividend. This is a positive change from Bank of South Carolina’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, October 8th. This represents a $0.76 annualized dividend and a yield of 6.33%. Bank of South Carolina’s dividend payout ratio (DPR) is 73.08%.

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.