Bank of South Carolina (NASDAQ:BKSC) Research Coverage Started at StockNews.com

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

Bank of South Carolina Stock Performance

Shares of NASDAQ BKSC opened at $13.27 on Friday. The firm has a market capitalization of $72.10 million, a PE ratio of 11.64 and a beta of 0.47. Bank of South Carolina has a fifty-two week low of $10.56 and a fifty-two week high of $13.99. The stock’s 50-day simple moving average is $13.30 and its 200-day simple moving average is $12.34.

Bank of South Carolina (NASDAQ:BKSC) last posted its quarterly earnings data on Thursday, October 10th. The bank reported $0.33 earnings per share for the quarter. Bank of South Carolina had a return on equity of 12.84% and a net margin of 22.15%. The company had revenue of $5.77 million during the quarter.

Bank of South Carolina Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 5.73%. Bank of South Carolina’s payout ratio is currently 61.79%.

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.