Raymond James Financial Services Advisors Inc. Takes Position in Bank of South Carolina Co. (NASDAQ:BKSC)

Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Bank of South Carolina Co. (NASDAQ:BKSC) in the fourth quarter, Holdings Channel.com reports. The firm purchased 10,000 shares of the bank’s stock, valued at approximately $150,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Bank of South Carolina in a research report on Sunday, April 21st. They set a “sell” rating for the company.

Bank of South Carolina Price Performance

BKSC opened at $12.07 on Friday. Bank of South Carolina Co. has a one year low of $9.52 and a one year high of $15.24. The company has a fifty day moving average price of $12.33 and a 200-day moving average price of $12.58. The firm has a market capitalization of $65.90 million, a P/E ratio of 12.71 and a beta of 0.57.

Bank of South Carolina (NASDAQ:BKSC) last announced its earnings results on Tuesday, April 9th. The bank reported $0.25 earnings per share (EPS) 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.

Bank of South Carolina Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 9th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $0.68 annualized dividend and a yield of 5.63%. Bank of South Carolina’s dividend payout ratio (DPR) is presently 71.58%.

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.