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

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

Bank of South Carolina Stock Performance

Bank of South Carolina stock opened at $11.61 on Thursday. Bank of South Carolina has a 52 week low of $9.52 and a 52 week high of $15.02. The firm has a market capitalization of $63.27 million, a PE ratio of 11.16 and a beta of 0.49. The business’s 50-day simple moving average is $11.69 and its 200-day simple moving average is $11.96.

Bank of South Carolina (NASDAQ:BKSC) last announced its earnings results on Thursday, July 11th. The bank reported $0.32 earnings per share for the quarter. The company had revenue of $5.61 million during the quarter. Bank of South Carolina had a return on equity of 12.48% and a net margin of 20.76%.

Bank of South Carolina Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 8th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date was Monday, July 8th. Bank of South Carolina’s dividend payout ratio is presently 65.39%.

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.