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

Posted by Paula Ricardo on Nov 2nd, 2024

StockNews.com started coverage on shares of Bank of South Carolina (NASDAQ:BKSC – Free Report) in a research note released on Wednesday morning. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Stock Down 3.3 %

Shares of Bank of South Carolina stock opened at $13.10 on Wednesday. The stock has a market cap of $71.33 million, a price-to-earnings ratio of 11.49 and a beta of 0.49. Bank of South Carolina has a twelve month low of $10.56 and a twelve month high of $15.02. The company’s fifty day moving average is $11.98 and its 200 day moving average is $11.91.

Bank of South Carolina (NASDAQ:BKSC – Get Free Report) last released its quarterly earnings results on Thursday, October 10th. The bank reported $0.33 EPS for the quarter. Bank of South Carolina had a return on equity of 13.18% and a net margin of 22.15%. The firm had revenue of $5.77 million for the quarter.

Bank of South Carolina Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 8th were given a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.80%. This is an increase from Bank of South Carolina’s previous quarterly dividend of $0.17. Bank of South Carolina’s payout ratio is 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.