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 research note released on Saturday morning. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Trading Up 0.6 %

Shares of BKSC opened at $12.00 on Friday. The stock has a market capitalization of $65.50 million, a P/E ratio of 11.54 and a beta of 0.49. The firm’s fifty day simple moving average is $11.74 and its two-hundred day simple moving average is $11.93. Bank of South Carolina has a 12 month low of $10.22 and a 12 month high of $15.02.

Bank of South Carolina (NASDAQ:BKSC) last released its quarterly earnings data on Thursday, July 11th. The bank reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $5.61 million for 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date is Tuesday, October 8th. This is a boost from Bank of South Carolina’s previous quarterly dividend of $0.17. Bank of South Carolina’s dividend payout ratio is 73.08%.

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.