Bank of South Carolina (NASDAQ:BKSC) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a report issued on Wednesday. The brokerage issued a sell rating on the bank’s stock.

Bank of South Carolina Price Performance

Shares of NASDAQ:BKSC opened at $13.10 on Wednesday. Bank of South Carolina has a 1 year low of $10.56 and a 1 year high of $15.02. The stock has a market capitalization of $71.33 million, a price-to-earnings ratio of 11.49 and a beta of 0.49. The company’s 50 day simple moving average is $11.98 and its 200 day simple moving average is $11.91.

Bank of South Carolina (NASDAQ:BKSC) last posted 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 company had revenue of $5.77 million during 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 paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.80%. This is a boost from Bank of South Carolina’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, October 8th. Bank of South Carolina’s dividend payout ratio is presently 66.67%.

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.