StockNews.com Initiates Coverage on Bank of South Carolina (NASDAQ:BKSC)

StockNews.com started coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a report issued on Monday. The brokerage set a “sell” rating on the bank’s stock.

Bank of South Carolina Stock Performance

NASDAQ:BKSC opened at $12.00 on Monday. The stock’s fifty day moving average price is $12.32 and its two-hundred day moving average price is $12.62. Bank of South Carolina has a 52-week low of $9.52 and a 52-week high of $15.24. The company has a market cap of $65.52 million, a price-to-earnings ratio of 12.63 and a beta of 0.57.

Bank of South Carolina (NASDAQ:BKSC) last posted its quarterly earnings data on Tuesday, April 9th. The bank reported $0.25 earnings per share (EPS) for the quarter. Bank of South Carolina had a return on equity of 12.11% and a net margin of 19.55%. The firm had revenue of $5.16 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. purchased a new stake in Bank of South Carolina Co. (NASDAQ:BKSC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the bank’s stock, valued at approximately $150,000. Raymond James Financial Services Advisors Inc. owned 0.18% of Bank of South Carolina as of its most recent SEC filing. 0.18% 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.