StockNews.com Begins Coverage on Bank of South Carolina (NASDAQ:BKSC)

StockNews.com started coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a research note issued to investors on Friday morning. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Stock Performance

NASDAQ BKSC opened at $11.95 on Friday. The company has a market capitalization of $65.22 million, a price-to-earnings ratio of 11.49 and a beta of 0.49. The company’s 50-day simple moving average is $11.76 and its two-hundred day simple moving average is $11.94. Bank of South Carolina has a one year low of $10.22 and a one year high of $15.02.

Bank of South Carolina (NASDAQ:BKSC) last announced its quarterly earnings data on Thursday, July 11th. The bank reported $0.32 EPS for the quarter. The business had revenue of $5.61 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 8th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.68 dividend on an annualized basis and a yield of 5.69%. Bank of South Carolina’s payout ratio is currently 65.38%.

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.