Bank of SC (NASDAQ:BKSC) Stock Price Crosses Below 50-Day Moving Average of $18.68

Bank of SC Co. (NASDAQ:BKSC)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $18.68 and traded as low as $18.50. Bank of SC shares last traded at $18.50, with a volume of 0 shares trading hands.

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $18.66 and a 200-day simple moving average of $18.67. The stock has a market cap of $102.31 million, a P/E ratio of 14.85 and a beta of 0.19.

Bank of SC (NASDAQ:BKSC) last announced its earnings results on Thursday, July 11th. The bank reported $0.33 earnings per share for the quarter. Bank of SC had a return on equity of 15.34% and a net margin of 34.05%.

In other news, insider Eugene H. Iv Walpole bought 2,650 shares of the stock in a transaction dated Thursday, August 22nd. The shares were bought at an average price of $18.50 per share, for a total transaction of $49,025.00. Following the completion of the purchase, the insider now owns 4,141 shares in the company, valued at $76,608.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas H. Sass bought 2,600 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $19.00 per share, for a total transaction of $49,400.00. Following the purchase, the insider now owns 52,780 shares of the company’s stock, valued at approximately $1,002,820. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 12,794 shares of company stock worth $223,657. 27.94% of the stock is owned by corporate insiders.

An institutional investor recently bought a new position in Bank of SC stock. Synovus Financial Corp acquired a new position in shares of Bank of SC Co. (NASDAQ:BKSC) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,532 shares of the bank’s stock, valued at approximately $192,000. Synovus Financial Corp owned 0.19% of Bank of SC at the end of the most recent reporting period. Institutional investors own 8.05% of the company’s stock.

Bank of SC Company Profile (NASDAQ:BKSC)

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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