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 published on Sunday. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Stock Performance

BKSC opened at $12.12 on Friday. Bank of South Carolina has a fifty-two week low of $9.52 and a fifty-two week high of $15.24. The company has a fifty day moving average of $12.35 and a two-hundred day moving average of $12.58. The stock has a market capitalization of $66.18 million, a price-to-earnings ratio of 12.76 and a beta of 0.57.

Bank of South Carolina (NASDAQ:BKSC) last announced its 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 business had revenue of $5.16 million for the quarter.

Bank of South Carolina Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $0.68 annualized dividend and a dividend yield of 5.61%. Bank of South Carolina’s dividend payout ratio (DPR) is 71.58%.

Institutional Trading of Bank of South Carolina

A hedge fund recently bought a new stake in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Bank of South Carolina Co. (NASDAQ:BKSC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the bank’s stock, valued at approximately $150,000. Raymond James Financial Services Advisors Inc. owned about 0.18% of Bank of South Carolina at the end of the most recent quarter. Hedge funds and other institutional investors own 0.18% of the company’s stock.

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.