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

StockNews.com assumed coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a report issued on Monday. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Price Performance

Shares of BKSC opened at $12.19 on Monday. The firm has a market cap of $66.56 million, a P/E ratio of 12.83 and a beta of 0.57. Bank of South Carolina has a 1 year low of $9.52 and a 1 year high of $15.24. The company has a 50 day simple moving average of $12.31 and a two-hundred day simple moving average of $12.63.

Bank of South Carolina (NASDAQ:BKSC) last posted its earnings results on Tuesday, April 9th. The bank reported $0.25 earnings per share for the quarter. The company had revenue of $5.16 million during the quarter. Bank of South Carolina had a net margin of 19.55% and a return on equity of 12.11%.

Bank of South Carolina Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be given a $0.17 dividend. The ex-dividend date is Monday, April 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.58%. Bank of South Carolina’s dividend payout ratio is currently 71.58%.

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. bought a new stake in Bank of South Carolina Co. (NASDAQ:BKSC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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 filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.18% of the company’s stock.

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.