Bank of South Carolina (NASDAQ:BKSC) Stock Price Passes Below Two Hundred Day Moving Average of $20.74

Bank of South Carolina Co. (NASDAQ:BKSC) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.74 and traded as low as $19.95. Bank of South Carolina shares last traded at $20.05, with a volume of 4,450 shares traded.

The firm’s fifty day simple moving average is $21.02 and its 200 day simple moving average is $20.74. The company has a market capitalization of $110.98 million, a price-to-earnings ratio of 16.43 and a beta of 0.48.

Bank of South Carolina (NASDAQ:BKSC) last announced its earnings results on Thursday, July 8th. The bank reported $0.29 EPS for the quarter. Bank of South Carolina had a net margin of 31.87% and a return on equity of 12.75%.

The business also recently declared a quarterly dividend, which was paid on Friday, July 30th. Investors of record on Tuesday, July 6th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Friday, July 2nd.

Several hedge funds have recently bought and sold shares of BKSC. Eqis Capital Management Inc. acquired a new stake in shares of Bank of South Carolina during the first quarter worth approximately $1,581,000. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Bank of South Carolina during the first quarter worth approximately $299,000. Renaissance Technologies LLC raised its position in Bank of South Carolina by 74.7% during the first quarter. Renaissance Technologies LLC now owns 19,864 shares of the bank’s stock valued at $449,000 after acquiring an additional 8,494 shares in the last quarter. Morgan Stanley raised its position in Bank of South Carolina by 36.3% during the first quarter. Morgan Stanley now owns 25,810 shares of the bank’s stock valued at $583,000 after acquiring an additional 6,874 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Bank of South Carolina by 3.6% during the second quarter. Vanguard Group Inc. now owns 137,948 shares of the bank’s stock valued at $2,828,000 after acquiring an additional 4,793 shares in the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

Bank of South Carolina Company Profile (NASDAQ:BKSC)

Bank of South Carolina Corp. is a holding company, which engages in the provision of financial services. It offers personal and business banking services including checking, savings, certificates of deposits, health savings accounts, retirement accounts, loans, credit cards, safe deposit boxes, and internet banking.

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