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

by · The Markets Daily

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

Bank of South Carolina Price Performance

NASDAQ:BKSC opened at $12.37 on Tuesday. Bank of South Carolina has a 52-week low of $10.46 and a 52-week high of $15.02. The stock has a fifty day simple moving average of $11.86 and a 200-day simple moving average of $11.88. The company has a market capitalization of $67.52 million, a PE ratio of 11.89 and a beta of 0.49.

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

Bank of South Carolina Increases Dividend

The business also recently declared 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 is an increase from Bank of South Carolina’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, October 8th. This represents a $0.76 annualized dividend and a yield of 6.14%. Bank of South Carolina’s dividend payout ratio (DPR) is presently 73.08%.

About Bank of South Carolina

(Get Free Report)

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.

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