StockNews.com Begins Coverage on Bank of South Carolina (NASDAQ:BKSC)

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

Bank of South Carolina Trading Down 2.1 %

Shares of BKSC stock opened at $13.28 on Friday. The company has a market capitalization of $72.31 million, a price-to-earnings ratio of 11.90 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. The stock’s fifty day simple moving average is $12.30 and its 200-day simple moving average is $11.98.

Bank of South Carolina (NASDAQ:BKSC) last released its earnings results on Thursday, October 10th. The bank reported $0.33 earnings per share for the quarter. The company had revenue of $5.77 million for 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 business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 8th were given a $0.19 dividend. This is an increase from Bank of South Carolina’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, October 8th. This represents a $0.76 dividend on an annualized basis and a yield of 5.72%. Bank of South Carolina’s dividend payout ratio is presently 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.