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

StockNews.com initiated coverage on shares of Bank of South Carolina (NASDAQ:BKSC - Free Report) in a research note published on Saturday. The brokerage issued a sell rating on the bank's stock.

Bank of South Carolina Price Performance

BKSC stock traded down $0.01 during midday trading on Friday, hitting $13.10. The company's stock had a trading volume of 3,542 shares, compared to its average volume of 1,808. Bank of South Carolina has a twelve month low of $10.56 and a twelve month high of $13.99. The company's fifty day moving average price is $13.32 and its 200 day moving average price is $12.40. The stock has a market capitalization of $71.13 million, a P/E ratio of 10.65 and a beta of 0.47.

Bank of South Carolina Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.76 annualized dividend and a yield of 5.80%. Bank of South Carolina's payout ratio is currently 61.79%.

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.