Bank of South Carolina (NASDAQ:BKSC) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a report published on Friday. The firm issued a sell rating on the bank’s stock.

Bank of South Carolina Trading Down 1.6 %

Bank of South Carolina stock opened at $13.27 on Friday. The company has a fifty day simple moving average of $13.30 and a 200-day simple moving average of $12.33. The stock has a market cap of $72.11 million, a P/E ratio of 11.64 and a beta of 0.47. Bank of South Carolina has a 12-month low of $10.56 and a 12-month high of $13.99.

Bank of South Carolina (NASDAQ:BKSC) last announced its quarterly earnings results on Thursday, October 10th. The bank reported $0.33 earnings per share (EPS) for the quarter. Bank of South Carolina had a return on equity of 12.84% and a net margin of 22.15%. The company had revenue of $5.77 million during the quarter.

Bank of South Carolina Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 dividend on an annualized basis and a yield of 5.73%. Bank of South Carolina’s payout ratio is currently 66.67%.

Bank of South Carolina Company Profile

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.