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

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

Bank of South Carolina Price Performance

NASDAQ BKSC opened at $13.28 on Friday. Bank of South Carolina has a 12 month low of $10.56 and a 12 month high of $15.02. The company has a market capitalization of $72.31 million, a P/E ratio of 11.90 and a beta of 0.47. The company’s 50 day simple moving average is $12.30 and its 200 day simple moving average is $11.98.

Bank of South Carolina (NASDAQ:BKSC) last announced its quarterly earnings data on Thursday, October 10th. The bank reported $0.33 EPS for the quarter. The company had revenue of $5.77 million during the quarter. Bank of South Carolina had a return on equity of 13.18% and a net margin of 22.15%.

Bank of South Carolina Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 8th were paid a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.76 dividend on an annualized basis and a yield of 5.72%. This is a boost from Bank of South Carolina’s previous quarterly dividend of $0.17. Bank of South Carolina’s dividend payout ratio (DPR) is currently 66.67%.

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.