Bank of South Carolina (NASDAQ:BKSC) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Bank of South Carolina Co. (NASDAQ:BKSC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.23 and traded as high as $13.18. Bank of South Carolina shares last traded at $13.18, with a volume of 11,818 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Bank of South Carolina in a report on Thursday. They set a “sell” rating on the stock.

Bank of South Carolina Price Performance

The firm has a 50-day simple moving average of $13.24 and a 200-day simple moving average of $12.24. The firm has a market capitalization of $71.67 million, a PE ratio of 11.57 and a beta of 0.47.

Bank of South Carolina (NASDAQ:BKSC) last posted its quarterly earnings data on Thursday, October 10th. The bank reported $0.33 EPS for the quarter. The firm had revenue of $5.77 million during the quarter. Bank of South Carolina had a return on equity of 12.84% and a net margin of 22.15%.

Bank of South Carolina Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 5.76%. Bank of South Carolina’s payout ratio is 66.67%.

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.