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

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

Bank of South Carolina Price Performance

NASDAQ BKSC opened at $12.28 on Friday. The business has a 50 day simple moving average of $12.34 and a 200 day simple moving average of $12.58. Bank of South Carolina has a one year low of $9.52 and a one year high of $15.24. The stock has a market capitalization of $67.09 million, a P/E ratio of 12.93 and a beta of 0.57.

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

Bank of South Carolina Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, April 8th. This represents a $0.68 annualized dividend and a dividend yield of 5.54%. Bank of South Carolina’s dividend payout ratio is 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 shares of Bank of South Carolina Co. (NASDAQ:BKSC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 SEC filing. Institutional investors and hedge funds 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.