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

StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a report released on Tuesday. The firm issued a sell rating on the bank’s stock.

Bank of South Carolina Stock Up 3.0 %

Shares of BKSC opened at $13.07 on Tuesday. Bank of South Carolina has a 52-week low of $9.52 and a 52-week high of $15.24. The stock has a fifty day simple moving average of $12.35 and a two-hundred day simple moving average of $12.72. The company has a market capitalization of $71.36 million, a PE ratio of 13.76 and a beta of 0.56.

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

Bank of South Carolina Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.68 annualized dividend and a yield of 5.20%. Bank of South Carolina’s payout ratio is 71.58%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. purchased a new stake in Bank of South Carolina Co. (NASDAQ:BKSC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 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

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.