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Bank of South Carolina (NASDAQ:BKSC) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Bank of South Carolina logo with Finance background

Bank of South Carolina Co. (NASDAQ:BKSC - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.09 and traded as high as $13.48. Bank of South Carolina shares last traded at $13.48, with a volume of 594 shares traded.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Bank of South Carolina in a report on Tuesday. They set a "sell" rating for the company.

View Our Latest Stock Report on BKSC

Bank of South Carolina Trading Down 3.6 %

The firm has a market capitalization of $70.64 million, a price-to-earnings ratio of 11.45 and a beta of 0.47. The company has a fifty day moving average price of $12.99 and a 200-day moving average price of $12.10.

Bank of South Carolina (NASDAQ:BKSC - Get Free Report) last posted its earnings results 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 22.15% and a return on equity of 12.84%. 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 was paid on Thursday, October 31st. Investors of record on Tuesday, October 8th were issued a $0.19 dividend. The ex-dividend date was Tuesday, October 8th. This is a boost from Bank of South Carolina's previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a yield of 5.85%. Bank of South Carolina's dividend payout ratio is currently 66.67%.

About Bank of South Carolina

(Get Free Report)

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.

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