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

Posted by Editorial Team on Aug 7th, 2024

StockNews.com assumed coverage on shares of Bank of South Carolina (NASDAQ:BKSC – Free Report) in a research note issued to investors on Saturday morning. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Price Performance

Bank of South Carolina stock opened at $12.10 on Friday. Bank of South Carolina has a one year low of $9.52 and a one year high of $15.02. The stock has a market capitalization of $65.95 million, a PE ratio of 11.63 and a beta of 0.50. The business’s fifty day moving average is $11.53 and its 200 day moving average is $12.16.

Bank of South Carolina (NASDAQ:BKSC – Get Free Report) last released its quarterly earnings data on Thursday, July 11th. The bank reported $0.32 EPS for the quarter. Bank of South Carolina had a return on equity of 12.72% and a net margin of 20.76%. The company had revenue of $5.61 million for the quarter.

Bank of South Carolina Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 8th were given a dividend of $0.17 per share. The ex-dividend date was Monday, July 8th. This represents a $0.68 annualized dividend and a dividend yield of 5.62%. Bank of South Carolina’s dividend payout ratio (DPR) is presently 65.39%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. acquired a new position in Bank of South Carolina Co. (NASDAQ:BKSC – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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. Hedge funds and other institutional investors own 0.18% of the company’s stock.

Bank of South Carolina Company Profile

(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.