Bank of South Carolina (NASDAQ:BKSC) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Bank of South Carolina Co. (NASDAQ:BKSC) passed 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 traded.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Bank of South Carolina in a research note on Thursday. They set a “sell” rating for the company.

Bank of South Carolina Price Performance

The firm has a market capitalization of $71.67 million, a PE ratio of 11.57 and a beta of 0.47. The stock’s 50-day moving average price is $13.24 and its 200 day moving average price is $12.24.

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

Bank of South Carolina Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.19 per share. 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 dividend payout ratio (DPR) 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.