Bank of South Carolina (NASDAQ:BKSC) Stock Price Crosses Below 200 Day Moving Average of $12.84

Shares of Bank of South Carolina Co. (NASDAQ:BKSC) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.84 and traded as low as $12.50. Bank of South Carolina shares last traded at $12.87, with a volume of 1,839 shares.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Bank of South Carolina in a research report on Thursday. They set a “sell” rating on the stock.

Bank of South Carolina Stock Performance

The business has a 50 day moving average price of $12.49 and a two-hundred day moving average price of $12.84. The stock has a market cap of $70.27 million, a PE ratio of 13.55 and a beta of 0.56.

Bank of South Carolina (NASDAQ:BKSC) last issued its quarterly 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 11.85% and a net margin of 19.55%.

Bank of South Carolina Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.28%. The ex-dividend date of this dividend was Monday, April 8th. Bank of South Carolina’s dividend payout ratio is presently 71.58%.

Institutional Trading of Bank of South Carolina

An institutional investor recently bought a new position in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. bought a new position in Bank of South Carolina Co. (NASDAQ:BKSC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 at the end of the most recent reporting period. 0.18% of the stock is currently owned by hedge funds and other 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.