Bank of South Carolina (NASDAQ:BKSC) Research Coverage Started at StockNews.com

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

Bank of South Carolina Trading Down 0.0 %

Bank of South Carolina stock opened at $13.70 on Friday. The stock has a 50 day moving average of $12.50 and a two-hundred day moving average of $12.00. Bank of South Carolina has a twelve month low of $10.56 and a twelve month high of $15.02. The stock has a market capitalization of $74.53 million, a price-to-earnings ratio of 12.02 and a beta of 0.47.

Bank of South Carolina (NASDAQ:BKSC) last released its quarterly earnings results on Thursday, October 10th. The bank reported $0.33 EPS for the quarter. Bank of South Carolina had a return on equity of 13.18% and a net margin of 22.15%. The business 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 issued a $0.19 dividend. This is an increase from Bank of South Carolina’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.76 annualized dividend and a dividend yield of 5.55%. Bank of South Carolina’s 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.