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

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

Bank of South Carolina Stock Down 1.4 %

Shares of NASDAQ:BKSC opened at $13.24 on Friday. The company’s fifty day moving average is $13.31 and its two-hundred day moving average is $12.52. The company has a market cap of $71.89 million, a P/E ratio of 10.76 and a beta of 0.47. Bank of South Carolina has a 12-month low of $10.56 and a 12-month high of $13.99.

Bank of South Carolina Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.76 annualized dividend and a dividend yield of 5.74%. Bank of South Carolina’s dividend payout ratio is 61.79%.

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.