Bank of South Carolina Co. Plans Quarterly Dividend of $0.17 (NASDAQ:BKSC)

Bank of South Carolina Co. (NASDAQ:BKSC) declared a quarterly dividend on Thursday, March 28th, NASDAQ reports. Stockholders of record on Tuesday, April 9th will be paid a dividend of 0.17 per share by the bank on Tuesday, April 30th. This represents a $0.68 annualized dividend and a dividend yield of 5.34%. The ex-dividend date is Monday, April 8th.

Bank of South Carolina Trading Up 1.2 %

BKSC traded up $0.15 on Friday, hitting $12.74. 283 shares of the company’s stock were exchanged, compared to its average volume of 1,985. Bank of South Carolina has a twelve month low of $9.52 and a twelve month high of $16.63. The firm has a market cap of $69.56 million, a PE ratio of 13.00 and a beta of 0.57. The stock has a fifty day moving average of $12.56 and a two-hundred day moving average of $12.41.

Bank of South Carolina (NASDAQ:BKSC) last issued its quarterly earnings data on Thursday, January 11th. The bank reported $0.24 earnings per share for the quarter. Bank of South Carolina had a net margin of 21.07% and a return on equity of 12.60%. The firm had revenue of $5.08 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BKSC. Advisor Group Holdings Inc. lifted its position 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 valued at $119,000 after acquiring an additional 1,744 shares during the last quarter. BlackRock Inc. lifted its position in Bank of South Carolina by 11.3% in the 2nd quarter. BlackRock Inc. now owns 11,304 shares of the bank’s stock worth $158,000 after buying an additional 1,149 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Bank of South Carolina during the first quarter valued at $173,000. State Street Corp bought a new stake in shares of Bank of South Carolina in the 2nd quarter valued at approximately $197,000. Finally, Citigroup Inc. bought a new stake in Bank of South Carolina in the first quarter worth approximately $222,000. Institutional investors own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Bank of South Carolina in a research note on Thursday. They issued a “sell” rating for the company.

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.