StockNews.com Initiates Coverage on Bank of South Carolina (NASDAQ:BKSC)

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

Bank of South Carolina Trading Up 0.1 %

Bank of South Carolina stock opened at $13.08 on Tuesday. The stock has a market cap of $71.46 million, a P/E ratio of 13.77 and a beta of 0.56. The company has a 50-day moving average price of $12.38 and a 200 day moving average price of $12.73. Bank of South Carolina has a 12-month low of $9.52 and a 12-month high of $15.24.

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

Bank of South Carolina Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, April 8th. This represents a $0.68 annualized dividend and a yield of 5.20%. Bank of South Carolina’s dividend payout ratio (DPR) is currently 71.58%.

Institutional Investors Weigh In On Bank of South Carolina

A hedge fund recently bought a new stake in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Bank of South Carolina Co. (NASDAQ:BKSC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,000 shares of the bank’s stock, valued at approximately $150,000. Raymond James Financial Services Advisors Inc. owned 0.18% of Bank of South Carolina as of its most recent filing with the SEC. 0.18% of the stock is currently owned by hedge funds and other institutional investors.

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.