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

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

Bank of South Carolina Trading Down 0.1 %

NASDAQ:BKSC opened at $12.79 on Thursday. The firm has a market capitalization of $69.96 million, a price-to-earnings ratio of 13.05 and a beta of 0.58. Bank of South Carolina has a 1-year low of $9.52 and a 1-year high of $17.15. The business’s fifty day moving average price is $13.60 and its 200 day moving average price is $12.69.

Institutional Trading of Bank of South Carolina

Several large investors have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. bought a new stake in Bank of South Carolina during the 4th quarter valued at approximately $150,000. Wells Fargo & Company MN boosted its stake in Bank of South Carolina by 69.5% during the 2nd quarter. Wells Fargo & Company MN now owns 16,958 shares of the bank’s stock valued at $237,000 after purchasing an additional 6,953 shares during the period. BlackRock Inc. boosted its stake in Bank of South Carolina by 11.3% during the 2nd quarter. BlackRock Inc. now owns 11,304 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,149 shares during the period. Geode Capital Management LLC boosted its stake in Bank of South Carolina by 14.9% during the 2nd quarter. Geode Capital Management LLC now owns 29,568 shares of the bank’s stock valued at $408,000 after purchasing an additional 3,839 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Bank of South Carolina by 7.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 30,732 shares of the bank’s stock worth $424,000 after acquiring an additional 2,247 shares during the period. Institutional investors own 6.50% 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.

Read More

Receive News & Ratings for Bank of South Carolina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of South Carolina and related companies with MarketBeat.com's FREE daily email newsletter.