Short Interest in Bank of SC Co. (NASDAQ:BKSC) Rises By 40.0%

Bank of SC Co. (NASDAQ:BKSC) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 2,100 shares, an increase of 40.0% from the May 30th total of 1,500 shares. Based on an average daily volume of 4,400 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

NASDAQ BKSC opened at $18.81 on Friday. Bank of SC has a 52 week low of $16.75 and a 52 week high of $21.34. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.15. The company has a market cap of $105.59 million, a PE ratio of 15.07 and a beta of 0.17. The stock has a 50-day moving average price of $18.41.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 9th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Monday, July 8th.



In other news, insider Fleetwood S. Hassell bought 2,800 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was purchased at an average price of $17.50 per share, for a total transaction of $49,000.00. Following the transaction, the insider now owns 51,487 shares in the company, valued at $901,022.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eugene H. Iv Walpole bought 4,500 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was purchased at an average price of $19.60 per share, with a total value of $88,200.00. Following the transaction, the chief financial officer now owns 3,611 shares in the company, valued at approximately $70,775.60. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 24,063 shares of company stock valued at $455,782. 27.94% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of BKSC. BlackRock Inc. boosted its holdings in shares of Bank of SC by 218.9% in the fourth quarter. BlackRock Inc. now owns 5,189 shares of the bank’s stock valued at $94,000 after acquiring an additional 3,562 shares in the last quarter. Synovus Financial Corp bought a new position in shares of Bank of SC in the first quarter valued at approximately $192,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Bank of SC by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 23,969 shares of the bank’s stock valued at $436,000 after acquiring an additional 1,209 shares in the last quarter. Hedge funds and other institutional investors own 11.92% of the company’s stock.

Bank of SC Company Profile

Bank of South Carolina Corporation operates as the holding company for The Bank of South Carolina that provides commercial banking services to individuals, professionals, and small and middle market businesses in South Carolina. The company offers a range of deposit products, including 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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