Bank of South Carolina (NASDAQ:BKSC) Earns Sell Rating from Analysts at StockNews.com

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

Bank of South Carolina Stock Up 3.0 %

Shares of NASDAQ:BKSC opened at $12.60 on Tuesday. The company’s 50 day moving average price is $11.81 and its two-hundred day moving average price is $11.88. Bank of South Carolina has a 12-month low of $10.46 and a 12-month high of $15.02. The firm has a market cap of $68.77 million, a PE ratio of 12.12 and a beta of 0.49.

Bank of South Carolina (NASDAQ:BKSC) last announced its earnings results on Thursday, October 10th. The bank reported $0.33 earnings per share (EPS) for the quarter. Bank of South Carolina had a net margin of 20.76% and a return on equity of 12.48%. The firm had revenue of $5.77 million for the quarter.

Bank of South Carolina Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date is 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 dividend payout ratio is presently 73.08%.

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.