Insider Buying: Bank of SC Co. (NASDAQ:BKSC) Insider Acquires 2,600 Shares of Stock
Bank of SC Co. (NASDAQ:BKSC) insider Douglas H. Sass purchased 2,600 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of $18.75 per share, for a total transaction of $48,750.00. Following the purchase, the insider now owns 60,642 shares of the company’s stock, valued at approximately $1,137,037.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of NASDAQ:BKSC remained flat at $$18.50 during trading on Monday. The company had a trading volume of 3 shares, compared to its average volume of 4,017. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.15. Bank of SC Co. has a fifty-two week low of $16.75 and a fifty-two week high of $21.34. The firm’s fifty day simple moving average is $18.93 and its 200-day simple moving average is $18.62. The stock has a market capitalization of $102.22 million, a P/E ratio of 14.57 and a beta of 0.17.
Bank of SC (NASDAQ:BKSC) last released its quarterly earnings results on Thursday, July 11th. The bank reported $0.33 EPS for the quarter. Bank of SC had a return on equity of 15.34% and a net margin of 34.05%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Bank of SC by 218.9% in the fourth quarter. BlackRock Inc. now owns 5,189 shares of the bank’s stock worth $94,000 after acquiring an additional 3,562 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bank of SC by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 23,969 shares of the bank’s stock worth $436,000 after acquiring an additional 1,209 shares during the last quarter. Synovus Financial Corp acquired a new position in shares of Bank of SC in the first quarter worth $192,000. Finally, Vanguard Group Inc. raised its holdings in shares of Bank of SC by 5.1% in the second quarter. Vanguard Group Inc. now owns 75,371 shares of the bank’s stock worth $1,423,000 after acquiring an additional 3,683 shares during the last quarter. Hedge funds and other institutional investors own 7.97% of the company’s stock.
About Bank of SC
Bank of South Carolina Corporation operates as the holding company for The Bank of South Carolina that provides commercial banking services to individuals, professionals, and small and middle market businesses in South Carolina. The company offers a range of deposit products, including non-interest bearing demand accounts, NOW accounts, money market accounts, time deposits, and savings accounts, as well as certificates of deposit.
Featured Story: Why is Cost of Capital Important?
Receive News & Ratings for Bank of SC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of SC and related companies with MarketBeat.com's FREE daily email newsletter.