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

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

Bank of South Carolina Price Performance

Bank of South Carolina stock traded down $0.10 during midday trading on Monday, reaching $13.50. The company had a trading volume of 994 shares, compared to its average volume of 2,073. Bank of South Carolina has a 12-month low of $10.56 and a 12-month high of $14.25. The firm's fifty day simple moving average is $13.63 and its 200-day simple moving average is $13.13. The company has a market capitalization of $73.29 million, a P/E ratio of 10.98 and a beta of 0.35.

Bank of South Carolina Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 8th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.63%. The ex-dividend date is Tuesday, April 8th. Bank of South Carolina's payout ratio is 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.