Bank of South Carolina (NASDAQ:BKSC) Receives New Coverage from Analysts at StockNews.com

Posted by Micah Haroldson on Jul 27th, 2024

StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSC – Free Report) in a research report released on Friday morning. The firm issued a sell rating on the bank’s stock.

Bank of South Carolina Stock Up 1.3 %

NASDAQ:BKSC opened at $11.75 on Friday. The business’s 50-day moving average price is $11.57 and its 200 day moving average price is $12.23. Bank of South Carolina has a 52-week low of $9.52 and a 52-week high of $15.24. The firm has a market cap of $64.04 million, a P/E ratio of 11.15 and a beta of 0.50.

Bank of South Carolina (NASDAQ:BKSC – Get Free Report) last announced its quarterly earnings data on Thursday, July 11th. The bank reported $0.32 earnings per share (EPS) for the quarter. Bank of South Carolina had a net margin of 20.76% and a return on equity of 12.72%. The company had revenue of $5.61 million for the quarter.

Bank of South Carolina Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 8th will be issued a $0.17 dividend. The ex-dividend date is Monday, July 8th. This represents a $0.68 annualized dividend and a dividend yield of 5.79%. Bank of South Carolina’s dividend payout ratio is currently 65.39%.

Institutional Investors Weigh In On Bank of South Carolina

A hedge fund recently bought a new position in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Bank of South Carolina Co. (NASDAQ:BKSC – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 as of its most recent SEC filing. Institutional investors own 0.18% of the company’s stock.

Bank of South Carolina Company Profile

(Get Free Report)

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.