Bank of South Carolina (NASDAQ:BKSC) Now Covered by StockNews.com

StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a research note released on Saturday morning. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Stock Performance

Shares of BKSC stock opened at $13.70 on Friday. The stock has a fifty day moving average price of $12.50 and a 200 day moving average price of $12.00. The stock has a market cap of $74.53 million, a PE ratio of 12.02 and a beta of 0.47. Bank of South Carolina has a 1 year low of $10.56 and a 1 year high of $15.02.

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

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 paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.55%. This is a boost from Bank of South Carolina’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, October 8th. Bank of South Carolina’s dividend payout ratio (DPR) is 66.67%.

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.