Bank of South Carolina (NASDAQ:BKSC) Now Covered by StockNews.com

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

Bank of South Carolina Stock Performance

NASDAQ:BKSC opened at $13.07 on Tuesday. Bank of South Carolina has a 52-week low of $9.52 and a 52-week high of $15.24. The company has a market cap of $71.36 million, a P/E ratio of 13.76 and a beta of 0.56. The stock’s 50-day simple moving average is $12.35 and its 200 day simple moving average is $12.72.

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

Bank of South Carolina Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.68 annualized dividend and a dividend yield of 5.20%. Bank of South Carolina’s dividend payout ratio is presently 71.58%.

Institutional Investors 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. acquired a new stake in Bank of South Carolina Co. (NASDAQ:BKSC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the bank’s stock, valued at approximately $150,000. Raymond James Financial Services Advisors Inc. owned 0.18% of Bank of South Carolina as of its most recent SEC filing. Institutional investors own 0.18% of the company’s stock.

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.