StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSC - Free Report) in a research report sent to investors on Wednesday. The firm issued a sell rating on the bank's stock.
Bank of South Carolina Price Performance
Shares of NASDAQ BKSC traded up $0.35 during trading on Wednesday, hitting $12.77. 3,081 shares of the company were exchanged, compared to its average volume of 2,585. The firm's fifty day moving average price is $11.89 and its 200 day moving average price is $11.89. The company has a market cap of $69.70 million, a price-to-earnings ratio of 11.94 and a beta of 0.49. Bank of South Carolina has a 1 year low of $10.56 and a 1 year high of $15.02.
Bank of South Carolina (NASDAQ:BKSC - Get Free Report) last issued its earnings results on Thursday, October 10th. The bank reported $0.33 earnings per share for the quarter. The company had revenue of $5.77 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 8th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.95%. This is a boost from Bank of South Carolina's previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, October 8th. Bank of South Carolina's dividend payout ratio (DPR) is 73.08%.
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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