Bank of South Carolina (NASDAQ:BKSC) Earns Sell Rating from Analysts at StockNews.com

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

Bank of South Carolina Stock Down 0.7 %

BKSC stock opened at $12.05 on Friday. Bank of South Carolina has a 52-week low of $9.52 and a 52-week high of $15.24. The stock’s fifty day simple moving average is $12.43 and its 200-day simple moving average is $12.52. The stock has a market capitalization of $65.79 million, a price-to-earnings ratio of 12.68 and a beta of 0.57.

Bank of South Carolina (NASDAQ:BKSC) last posted its quarterly earnings data on Tuesday, April 9th. The bank reported $0.25 earnings per share (EPS) for the quarter. Bank of South Carolina had a return on equity of 12.11% and a net margin of 19.55%. The business had revenue of $5.16 million for the quarter.

Bank of South Carolina Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.64%. The ex-dividend date of this dividend is Monday, April 8th. Bank of South Carolina’s payout ratio is currently 71.58%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Bank of South Carolina by 7.9% in the second quarter. Dimensional Fund Advisors LP now owns 30,732 shares of the bank’s stock valued at $424,000 after acquiring an additional 2,247 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Bank of South Carolina by 14.9% in the second quarter. Geode Capital Management LLC now owns 29,568 shares of the bank’s stock valued at $408,000 after acquiring an additional 3,839 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Bank of South Carolina by 23.6% in the first quarter. Renaissance Technologies LLC now owns 18,881 shares of the bank’s stock valued at $352,000 after acquiring an additional 3,611 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Bank of South Carolina by 69.5% in the second quarter. Wells Fargo & Company MN now owns 16,958 shares of the bank’s stock valued at $237,000 after acquiring an additional 6,953 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in Bank of South Carolina in the fourth quarter valued at $235,000. Institutional investors and hedge funds own 0.18% of the company’s stock.

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.