Bank of South Carolina (NASDAQ:BKSC) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a research report issued on Sunday. The firm set a “sell” rating on the bank’s stock.

Bank of South Carolina Stock Performance

Bank of South Carolina stock opened at $12.17 on Friday. The firm has a market cap of $66.45 million, a P/E ratio of 12.81 and a beta of 0.57. The business’s fifty day moving average is $12.37 and its two-hundred day moving average is $12.54. 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 posted its quarterly earnings data on Tuesday, April 9th. The bank reported $0.25 EPS for the quarter. The company had revenue of $5.16 million for the quarter. Bank of South Carolina had a return on equity of 12.11% and a net margin of 19.55%.

Hedge Funds Weigh In On Bank of South Carolina

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Bank of South Carolina by 3.9% during the third quarter. Dimensional Fund Advisors LP now owns 28,485 shares of the bank’s stock valued at $466,000 after acquiring an additional 1,073 shares during the period. Geode Capital Management LLC lifted its stake in shares of Bank of South Carolina by 14.9% during the second quarter. Geode Capital Management LLC now owns 29,568 shares of the bank’s stock valued at $408,000 after acquiring an additional 3,839 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Bank of South Carolina by 23.6% during the first quarter. Renaissance Technologies LLC now owns 18,881 shares of the bank’s stock valued at $352,000 after acquiring an additional 3,611 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Bank of South Carolina by 69.5% during the second quarter. Wells Fargo & Company MN now owns 16,958 shares of the bank’s stock valued at $237,000 after acquiring an additional 6,953 shares during the period. Finally, LPL Financial LLC acquired a new position in shares of Bank of South Carolina during the fourth quarter valued at $235,000. Institutional investors and hedge funds 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.