Bank of South Carolina (NASDAQ:BKSC) Share Price Crosses Below 200-Day Moving Average of $11.95

Shares of Bank of South Carolina Co. (NASDAQ:BKSC) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.95 and traded as low as $11.84. Bank of South Carolina shares last traded at $12.00, with a volume of 4,607 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Bank of South Carolina in a research note on Friday. They set a “sell” rating on the stock.

Bank of South Carolina Stock Performance

The company has a market capitalization of $65.55 million, a P/E ratio of 11.55 and a beta of 0.49. The stock has a fifty day moving average of $11.75 and a 200 day moving average of $11.95.

Bank of South Carolina (NASDAQ:BKSC) last issued its quarterly earnings data on Thursday, July 11th. The bank reported $0.32 earnings per share for the quarter. The firm had revenue of $5.61 million during the quarter. Bank of South Carolina had a return on equity of 12.48% and a net margin of 20.76%.

Bank of South Carolina Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 8th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.66%. The ex-dividend date was Monday, July 8th. Bank of South Carolina’s dividend payout ratio is presently 65.38%.

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.