Bank of South Carolina (NASDAQ:BKSC) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSCFree Report) in a research note published on Wednesday. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Stock Up 3.6 %

NASDAQ BKSC opened at $12.65 on Wednesday. The company has a market cap of $69.04 million, a PE ratio of 12.90 and a beta of 0.57. Bank of South Carolina has a 52 week low of $9.52 and a 52 week high of $16.63. The firm’s 50-day simple moving average is $12.60 and its two-hundred day simple moving average is $12.40.

Bank of South Carolina (NASDAQ:BKSCGet Free Report) last announced its quarterly earnings results on Thursday, January 11th. The bank reported $0.24 EPS for the quarter. The company had revenue of $5.08 million for the quarter. Bank of South Carolina had a net margin of 21.07% and a return on equity of 12.60%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BKSC. Advisor Group Holdings Inc. lifted its holdings in shares of Bank of South Carolina by 37.8% in the first quarter. Advisor Group Holdings Inc. now owns 6,359 shares of the bank’s stock worth $119,000 after buying an additional 1,744 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Bank of South Carolina in the 4th quarter worth approximately $150,000. BlackRock Inc. boosted its holdings in Bank of South Carolina by 11.3% in the 2nd quarter. BlackRock Inc. now owns 11,304 shares of the bank’s stock valued at $158,000 after purchasing an additional 1,149 shares during the period. Private Advisor Group LLC purchased a new position in shares of Bank of South Carolina during the 1st quarter valued at $173,000. Finally, State Street Corp bought a new position in shares of Bank of South Carolina in the second quarter worth $197,000. Hedge funds and other institutional investors own 6.50% of the company’s stock.

Bank of South Carolina Company Profile

(Get Free Report)

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.

Further Reading

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