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

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

Bank of South Carolina Stock Performance

Shares of BKSC stock opened at $13.57 on Friday. Bank of South Carolina has a fifty-two week low of $10.56 and a fifty-two week high of $15.02. The firm has a market capitalization of $73.89 million, a price-to-earnings ratio of 11.90 and a beta of 0.47. The stock’s 50-day simple moving average is $12.30 and its 200-day simple moving average is $11.98.

Bank of South Carolina (NASDAQ:BKSC) last posted its quarterly earnings data on Thursday, October 10th. The bank reported $0.33 EPS for the quarter. The business had revenue of $5.77 million during the quarter. Bank of South Carolina had a net margin of 22.15% and a return on equity of 13.18%.

Bank of South Carolina Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 8th were issued a $0.19 dividend. This is an increase from Bank of South Carolina’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 5.60%. The ex-dividend date was Tuesday, October 8th. Bank of South Carolina’s dividend payout ratio is 66.67%.

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.