Bank of South Carolina (NASDAQ:BKSC) Stock Passes Below 200 Day Moving Average of $12.86

Bank of South Carolina Co. (NASDAQ:BKSC)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.86 and traded as low as $12.01. Bank of South Carolina shares last traded at $12.01, with a volume of 1,826 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Bank of South Carolina in a research report on Monday, October 16th. They set a “sell” rating on the stock.

Bank of South Carolina Stock Performance

The stock has a market cap of $65.69 million, a P/E ratio of 11.33 and a beta of 0.49. The firm has a 50-day moving average price of $11.18 and a 200-day moving average price of $12.86.

Bank of South Carolina (NASDAQ:BKSC) last posted its quarterly earnings data on Thursday, October 12th. The bank reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $5.02 million during the quarter. Bank of South Carolina had a return on equity of 14.26% and a net margin of 27.44%.

Bank of South Carolina Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 10th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend was Friday, October 6th. Bank of South Carolina’s dividend payout ratio (DPR) is presently 64.15%.

Insider Activity

In related news, Director Charles G. Lane acquired 21,000 shares of the stock in a transaction on Monday, September 18th. The stock was acquired at an average price of $10.07 per share, for a total transaction of $211,470.00. Following the completion of the purchase, the director now owns 22,500 shares of the company’s stock, valued at $226,575. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders acquired 22,418 shares of company stock worth $228,005. Insiders own 29.79% of the company’s stock.

Institutional Trading of Bank of South Carolina

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. grew its holdings in shares of Bank of South Carolina by 37.8% during the first quarter. Advisor Group Holdings Inc. now owns 6,359 shares of the bank’s stock valued at $119,000 after buying an additional 1,744 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Bank of South Carolina during the first quarter valued at approximately $173,000. BlackRock Inc. increased its position in shares of Bank of South Carolina by 11.3% during the second quarter. BlackRock Inc. now owns 11,304 shares of the bank’s stock valued at $158,000 after acquiring an additional 1,149 shares in the last quarter. State Street Corp bought a new stake in shares of Bank of South Carolina during the second quarter valued at approximately $197,000. Finally, Citigroup Inc. bought a new stake in shares of Bank of South Carolina during the first quarter valued at approximately $222,000. 6.50% of the stock is currently owned by institutional investors.

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.