Raymond James Financial Services Advisors Inc. Buys Shares of 10,000 Bank of South Carolina Co. (NASDAQ:BKSC)

Posted by Adam Masters on Apr 26th, 2024

Raymond James Financial Services Advisors Inc. purchased a new position in Bank of South Carolina Co. (NASDAQ:BKSC – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & 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 approximately 0.18% of Bank of South Carolina at the end of the most recent reporting period.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on BKSC

Bank of South Carolina Price Performance

Shares of Bank of South Carolina stock opened at $12.07 on Friday. The stock has a 50-day simple moving average of $12.33 and a 200-day simple moving average of $12.58. Bank of South Carolina Co. has a 52-week low of $9.52 and a 52-week high of $15.24. The firm has a market cap of $65.90 million, a price-to-earnings ratio of 12.71 and a beta of 0.57.

Bank of South Carolina (NASDAQ:BKSC – Get Free Report) last posted its earnings results on Tuesday, April 9th. The bank reported $0.25 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 5.63%. The ex-dividend date of this dividend is Monday, April 8th. Bank of South Carolina’s payout ratio is 71.58%.

Bank of South Carolina Profile

(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.