Bank of South Carolina (NASDAQ:BKSC) Share Price Passes Above 200-Day Moving Average – What’s Next?

Bank of South Carolina Co. (NASDAQ:BKSC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.40 and traded as high as $13.11. Bank of South Carolina shares last traded at $13.10, with a volume of 3,542 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Bank of South Carolina in a research report on Saturday. They set a “sell” rating for the company.

Bank of South Carolina Stock Performance

The business has a 50-day moving average of $13.32 and a 200-day moving average of $12.41. The stock has a market capitalization of $71.13 million, a price-to-earnings ratio of 10.79 and a beta of 0.47.

Bank of South Carolina Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date is Tuesday, December 31st. Bank of South Carolina’s payout ratio is 61.79%.

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.