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

Equities researchers at StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a research note issued on Tuesday. The firm set a “sell” rating on the bank’s stock.

Bank of South Carolina Stock Performance

NASDAQ BKSC opened at $13.07 on Tuesday. The stock has a market capitalization of $71.40 million, a price-to-earnings ratio of 13.76 and a beta of 0.56. The stock’s 50 day moving average price is $12.36 and its two-hundred day moving average price is $12.73. Bank of South Carolina has a 52 week low of $9.52 and a 52 week high of $15.24.

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

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. purchased a new stake in Bank of South Carolina Co. (NASDAQ:BKSC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 at the end of the most recent quarter. 0.18% of the stock is currently owned by institutional investors.

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.