Bank of South Carolina (NASDAQ:BKSC) Now Covered by Analysts at StockNews.com

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

Bank of South Carolina Trading Down 3.6 %

NASDAQ:BKSC opened at $13.00 on Tuesday. Bank of South Carolina has a 1-year low of $10.56 and a 1-year high of $15.02. The business’s 50-day moving average price is $12.99 and its two-hundred day moving average price is $12.10. The firm has a market capitalization of $70.64 million, a price-to-earnings ratio of 11.45 and a beta of 0.47.

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

Bank of South Carolina Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 8th were paid a $0.19 dividend. 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. This represents a $0.76 annualized dividend and a yield of 5.85%. Bank of South Carolina’s dividend payout ratio is presently 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.