Bank of South Carolina (NASDAQ:BKSC) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a note issued to investors on Saturday. The brokerage set a “sell” rating on the bank’s stock.

Bank of South Carolina Stock Up 0.3 %

Shares of Bank of South Carolina stock opened at $12.13 on Friday. The company has a market cap of $66.23 million, a P/E ratio of 12.77 and a beta of 0.57. The firm’s 50 day moving average price is $12.45 and its 200-day moving average price is $12.49. Bank of South Carolina has a 52-week low of $9.52 and a 52-week high of $15.24.

Bank of South Carolina (NASDAQ:BKSC) last announced its 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.

Institutional Investors Weigh In On Bank of South Carolina

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Bank of South Carolina during the fourth quarter worth about $150,000. Wells Fargo & Company MN raised its position in shares of Bank of South Carolina by 69.5% in the 2nd quarter. Wells Fargo & Company MN now owns 16,958 shares of the bank’s stock valued at $237,000 after purchasing an additional 6,953 shares during the last quarter. BlackRock Inc. boosted its stake in Bank of South Carolina by 11.3% in the 2nd quarter. BlackRock Inc. now owns 11,304 shares of the bank’s stock worth $158,000 after purchasing an additional 1,149 shares in the last quarter. Geode Capital Management LLC grew its position in Bank of South Carolina by 14.9% during the 2nd quarter. Geode Capital Management LLC now owns 29,568 shares of the bank’s stock worth $408,000 after purchasing an additional 3,839 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Bank of South Carolina by 7.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 30,732 shares of the bank’s stock valued at $424,000 after purchasing an additional 2,247 shares in the last quarter. 0.18% of the stock is currently owned by hedge funds and other institutional investors.

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.