Bank of South Carolina (NASDAQ:BKSC) Coverage Initiated by Analysts at StockNews.com

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

Bank of South Carolina Stock Performance

Shares of Bank of South Carolina stock opened at $13.20 on Wednesday. The business has a 50-day simple moving average of $13.15 and a 200-day simple moving average of $12.17. Bank of South Carolina has a one year low of $10.56 and a one year high of $15.02. The company has a market cap of $71.73 million, a PE ratio of 11.58 and a beta of 0.47.

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

Bank of South Carolina Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend is Tuesday, December 31st. Bank of South Carolina’s dividend payout ratio (DPR) is 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.