Bank of South Carolina (NASDAQ:BKSC) Coverage Initiated by Analysts at StockNews.com

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

Bank of South Carolina Stock Performance

Shares of NASDAQ:BKSC opened at $13.68 on Friday. Bank of South Carolina has a 52 week low of $10.56 and a 52 week high of $15.02. The firm has a market cap of $74.43 million, a PE ratio of 12.00 and a beta of 0.47. The firm’s fifty day moving average is $12.54 and its 200-day moving average is $12.01.

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. Bank of South Carolina had a net margin of 22.15% and a return on equity of 13.18%. The firm had revenue of $5.77 million during the quarter.

Bank of South Carolina Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 8th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This is an increase from Bank of South Carolina’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 5.56%. Bank of South Carolina’s dividend payout ratio (DPR) is currently 66.67%.

Bank of South Carolina Company Profile

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.