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

StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a report released on Wednesday morning. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Stock Down 3.3 %

Shares of NASDAQ BKSC opened at $13.10 on Wednesday. The firm’s fifty day moving average is $11.98 and its 200 day moving average is $11.91. Bank of South Carolina has a 52 week low of $10.56 and a 52 week high of $15.02. The company has a market cap of $71.33 million, a price-to-earnings ratio of 11.49 and a beta of 0.49.

Bank of South Carolina (NASDAQ:BKSC) last released its quarterly earnings data on Thursday, October 10th. The bank reported $0.33 earnings per share (EPS) for the quarter. The firm had revenue of $5.77 million for the quarter. Bank of South Carolina had a net margin of 22.15% and a return on equity of 13.18%.

Bank of South Carolina Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 8th were given a dividend of $0.19 per share. This is a positive change 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 5.80%. 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.