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

StockNews.com started coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a research note issued to investors on Friday morning. The firm issued a sell rating on the bank’s stock.

Bank of South Carolina Price Performance

Shares of Bank of South Carolina stock opened at $13.50 on Friday. Bank of South Carolina has a 1 year low of $10.56 and a 1 year high of $14.25. The firm’s 50-day moving average is $13.53 and its 200 day moving average is $12.89. The stock has a market cap of $73.29 million, a price-to-earnings ratio of 10.98 and a beta of 0.43.

Bank of South Carolina Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st were 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 of this dividend was Tuesday, December 31st. Bank of South Carolina’s payout ratio is currently 61.79%.

Bank of South Carolina Company Profile

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.