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

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

Bank of South Carolina Trading Up 1.1 %

BKSC stock opened at $13.15 on Tuesday. The stock has a 50-day moving average price of $13.06 and a two-hundred day moving average price of $12.12. Bank of South Carolina has a 1 year low of $10.56 and a 1 year high of $15.02. The stock has a market cap of $71.46 million, a PE ratio of 11.54 and a beta of 0.47.

Bank of South Carolina (NASDAQ:BKSC) last posted its quarterly earnings data on Thursday, October 10th. The bank reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $5.77 million during 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 8th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.78%. The ex-dividend date of this dividend was Tuesday, October 8th. This is a positive change from Bank of South Carolina’s previous quarterly dividend of $0.17. Bank of South Carolina’s payout ratio is currently 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.