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

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

Bank of South Carolina Price Performance

NASDAQ BKSC opened at $13.19 on Thursday. The business has a 50 day moving average price of $13.26 and a 200 day moving average price of $12.25. The company has a market capitalization of $71.67 million, a P/E ratio of 11.57 and a beta of 0.47. Bank of South Carolina has a 1-year low of $10.56 and a 1-year high of $14.25.

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

Bank of South Carolina Announces Dividend

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