Bank of South Carolina (NASDAQ:BKSC) Stock Price Crosses Below Two Hundred Day Moving Average of $16.49

Bank of South Carolina Co. (NASDAQ:BKSC – Get Rating) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.49 and traded as low as $14.44. Bank of South Carolina shares last traded at $15.12, with a volume of 17,614 shares changing hands.

Bank of South Carolina Trading Down 4.3 %

The firm has a market cap of $83.94 million, a price-to-earnings ratio of 12.82 and a beta of 0.41. The stock has a fifty day moving average price of $16.37 and a 200 day moving average price of $16.49.

Bank of South Carolina (NASDAQ:BKSC – Get Rating) last issued its quarterly earnings data on Thursday, January 12th. The bank reported $0.32 EPS for the quarter. Bank of South Carolina had a return on equity of 16.49% and a net margin of 31.30%.

Bank of South Carolina Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Tuesday, December 27th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Friday, December 23rd. Bank of South Carolina’s dividend payout ratio (DPR) is currently 57.63%.

Institutional Trading of Bank of South Carolina

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Bank of South Carolina by 3.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 28,485 shares of the bank’s stock worth $466,000 after acquiring an additional 1,073 shares during the period. Renaissance Technologies LLC lifted its position in shares of Bank of South Carolina by 23.6% during the 1st quarter. Renaissance Technologies LLC now owns 18,881 shares of the bank’s stock worth $352,000 after buying an additional 3,611 shares during the period. LPL Financial LLC bought a new position in shares of Bank of South Carolina during the 4th quarter worth approximately $235,000. Citigroup Inc. bought a new position in shares of Bank of South Carolina during the 1st quarter worth approximately $222,000. Finally, State Street Corp bought a new position in shares of Bank of South Carolina during the 2nd quarter worth approximately $197,000. Institutional investors own 7.36% of the company’s stock.

About Bank of South Carolina

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Bank of South Carolina Corp. is a holding company, which engages in the provision of financial services. It offers personal and business banking services including checking, savings, certificates of deposits, health savings accounts, retirement accounts, loans, credit cards, safe deposit boxes, and internet banking.