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

StockNews.com started coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a research report report published on Tuesday. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Trading Up 0.9 %

NASDAQ:BKSC opened at $12.37 on Tuesday. Bank of South Carolina has a 12 month low of $10.46 and a 12 month high of $15.02. The company has a market cap of $67.52 million, a PE ratio of 11.89 and a beta of 0.49. The company has a 50 day simple moving average of $11.84 and a two-hundred day simple moving average of $11.89.

Bank of South Carolina (NASDAQ:BKSC) last issued its quarterly earnings data on Thursday, October 10th. The bank reported $0.33 earnings per share (EPS) for the quarter. Bank of South Carolina had a net margin of 20.76% and a return on equity of 12.48%. The firm had revenue of $5.77 million during the quarter.

Bank of South Carolina Increases Dividend

The firm 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 is an increase from Bank of South Carolina’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, October 8th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.14%. Bank of South Carolina’s payout ratio is presently 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.