StockNews.com Initiates Coverage on Bank of South Carolina (NASDAQ:BKSC)

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

Bank of South Carolina Stock Performance

NASDAQ BKSC opened at $13.17 on Friday. The stock’s fifty day moving average is $12.72 and its two-hundred day moving average is $12.03. The firm has a market capitalization of $71.64 million, a P/E ratio of 11.55 and a beta of 0.47. Bank of South Carolina has a fifty-two week low of $10.56 and a fifty-two week high of $15.02.

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

Bank of South Carolina Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 8th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend was Tuesday, October 8th. This is a positive change from Bank of South Carolina’s previous quarterly dividend of $0.17. Bank of South Carolina’s dividend payout ratio is 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.