Bank of South Carolina (NASDAQ:BKSC) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a report published on Saturday morning. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Trading Down 0.7 %

BKSC opened at $11.97 on Friday. Bank of South Carolina has a 12 month low of $9.52 and a 12 month high of $15.24. The firm’s fifty day simple moving average is $12.43 and its 200 day simple moving average is $12.52. The stock has a market capitalization of $65.36 million, a P/E ratio of 12.60 and a beta of 0.57.

Bank of South Carolina (NASDAQ:BKSC) last issued its quarterly earnings results on Tuesday, April 9th. The bank reported $0.25 earnings per share (EPS) for the quarter. Bank of South Carolina had a net margin of 19.55% and a return on equity of 12.11%. The firm had revenue of $5.16 million for the quarter.

Bank of South Carolina Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $0.68 annualized dividend and a dividend yield of 5.68%. Bank of South Carolina’s dividend payout ratio is presently 71.58%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BKSC. Advisor Group Holdings Inc. increased its stake in shares of Bank of South Carolina by 37.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,359 shares of the bank’s stock worth $119,000 after purchasing an additional 1,744 shares during the last quarter. Citigroup Inc. acquired a new position in Bank of South Carolina in the 1st quarter valued at about $222,000. Renaissance Technologies LLC grew its stake in Bank of South Carolina by 23.6% in the 1st quarter. Renaissance Technologies LLC now owns 18,881 shares of the bank’s stock valued at $352,000 after buying an additional 3,611 shares during the last quarter. State Street Corp acquired a new position in Bank of South Carolina in the 2nd quarter valued at about $197,000. Finally, Dimensional Fund Advisors LP grew its stake in Bank of South Carolina by 3.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 28,485 shares of the bank’s stock valued at $466,000 after buying an additional 1,073 shares during the last quarter. 0.18% of the stock is currently owned by institutional investors and hedge funds.

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.