Bank of South Carolina (NASDAQ:BKSC) Now Covered by StockNews.com

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

Bank of South Carolina Price Performance

BKSC opened at $13.70 on Friday. Bank of South Carolina has a 12 month low of $10.56 and a 12 month high of $15.02. The stock has a market cap of $74.53 million, a P/E ratio of 12.02 and a beta of 0.47. The stock’s 50 day moving average price is $12.67 and its 200 day moving average price is $12.03.

Bank of South Carolina (NASDAQ:BKSC) last posted its earnings results on Thursday, October 10th. The bank reported $0.33 EPS for the quarter. The firm had revenue of $5.77 million for the quarter. Bank of South Carolina had a return on equity of 12.84% and a net margin of 22.15%.

Bank of South Carolina Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.19 per share. This is a positive change from Bank of South Carolina’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend was Tuesday, October 8th. Bank of South Carolina’s dividend payout ratio (DPR) is presently 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.