StockNews.com initiated coverage on shares of Bank of South Carolina (NASDAQ:BKSC – Free Report) in a research note published on Tuesday. The brokerage issued a sell rating on the bank’s stock.
Bank of South Carolina Stock Performance
NASDAQ:BKSC opened at $13.08 on Tuesday. The stock has a 50-day simple moving average of $12.38 and a 200 day simple moving average of $12.73. Bank of South Carolina has a 52-week low of $9.52 and a 52-week high of $15.24. The company has a market cap of $71.46 million, a PE ratio of 13.77 and a beta of 0.56.
Bank of South Carolina (NASDAQ:BKSC – Get Free Report) last issued its quarterly earnings results on Tuesday, April 9th. The bank reported $0.25 earnings per share for the quarter. Bank of South Carolina had a net margin of 19.55% and a return on equity of 12.11%. The company had revenue of $5.16 million during the quarter.
Bank of South Carolina Announces Dividend
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Bank of South Carolina Co. (NASDAQ:BKSC – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the bank’s stock, valued at approximately $150,000. Raymond James Financial Services Advisors Inc. owned approximately 0.18% of Bank of South Carolina as of its most recent SEC filing. Hedge funds and other institutional investors own 0.18% of the company’s stock.
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.
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