Short Interest in Bank of South Carolina Co. (NASDAQ:BKSC) Declines By 68.4%

Bank of South Carolina Co. (NASDAQ:BKSCGet Rating) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling 600 shares, a decline of 68.4% from the June 30th total of 1,900 shares. Based on an average daily trading volume, of 4,500 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Bank of South Carolina Price Performance

Shares of Bank of South Carolina stock opened at $17.18 on Friday. Bank of South Carolina has a one year low of $16.19 and a one year high of $23.15. The firm has a market capitalization of $95.35 million, a price-to-earnings ratio of 15.62 and a beta of 0.44. The business has a 50-day simple moving average of $17.09 and a 200 day simple moving average of $18.41.

Bank of South Carolina Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Tuesday, July 5th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Friday, July 1st. Bank of South Carolina’s payout ratio is 61.82%.

Institutional Trading of Bank of South Carolina

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its position in Bank of South Carolina by 23.6% in the 1st quarter. Renaissance Technologies LLC now owns 18,881 shares of the bank’s stock valued at $352,000 after buying an additional 3,611 shares in the last quarter. Citigroup Inc. bought a new stake in Bank of South Carolina during the 1st quarter worth approximately $222,000. Advisor Group Holdings Inc. increased its holdings in Bank of South Carolina by 37.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,359 shares of the bank’s stock worth $119,000 after purchasing an additional 1,744 shares in the last quarter. Finally, Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in Bank of South Carolina during the 4th quarter worth approximately $140,000. 8.73% of the stock is owned by institutional investors.

About Bank of South Carolina

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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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