Bank of South Carolina (NASDAQ:BKSC) Stock Price Passes Below 200 Day Moving Average of $12.82

Bank of South Carolina Co. (NASDAQ:BKSCGet Free Report)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.82 and traded as low as $11.31. Bank of South Carolina shares last traded at $11.48, with a volume of 9,072 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Bank of South Carolina in a research note on Saturday. They set a “sell” rating for the company.

View Our Latest Research Report on Bank of South Carolina

Bank of South Carolina Stock Performance

The stock has a 50 day moving average of $12.35 and a 200-day moving average of $12.82. The firm has a market capitalization of $62.68 million, a P/E ratio of 12.08 and a beta of 0.53.

Bank of South Carolina (NASDAQ:BKSCGet Free Report) last announced its quarterly earnings results on Tuesday, April 9th. The bank reported $0.25 earnings per share for the quarter. The firm had revenue of $5.16 million for the quarter. Bank of South Carolina had a return on equity of 11.85% and a net margin of 19.55%.

Bank of South Carolina Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.92%. The ex-dividend date of this dividend was Monday, April 8th. Bank of South Carolina’s dividend payout ratio is currently 71.58%.

Institutional Trading of Bank of South Carolina

A hedge fund recently bought a new stake in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Bank of South Carolina Co. (NASDAQ:BKSCFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.18% of the company’s stock.

About Bank of South Carolina

(Get Free Report)

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.

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