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

StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a research report sent to investors on Friday morning. The firm issued a sell rating on the bank’s stock.

Bank of South Carolina Trading Up 2.3 %

NASDAQ BKSC opened at $13.57 on Friday. Bank of South Carolina has a 12 month low of $10.56 and a 12 month high of $15.02. The company’s 50-day moving average price is $12.30 and its 200-day moving average price is $11.98. The stock has a market cap of $73.89 million, a PE ratio of 11.90 and a beta of 0.47.

Bank of South Carolina (NASDAQ:BKSC) last announced its quarterly earnings results on Thursday, October 10th. The bank reported $0.33 earnings per share (EPS) for the quarter. Bank of South Carolina had a return on equity of 13.18% and a net margin of 22.15%. The firm had revenue of $5.77 million during the quarter.

Bank of South Carolina Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 8th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.60%. This is a positive change from Bank of South Carolina’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, October 8th. Bank of South Carolina’s dividend payout ratio (DPR) is presently 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.