Bank of South Carolina (NASDAQ:BKSC) Shares Pass Below 200 Day Moving Average of $12.71

Shares of Bank of South Carolina Co. (NASDAQ:BKSC) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.71 and traded as low as $12.60. Bank of South Carolina shares last traded at $12.69, with a volume of 3,097 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Bank of South Carolina in a research report on Tuesday. They set a “sell” rating on the stock.

Bank of South Carolina Price Performance

The firm has a market cap of $69.29 million, a P/E ratio of 13.36 and a beta of 0.56. The stock’s 50-day simple moving average is $12.33 and its two-hundred day simple moving average is $12.71.

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

Bank of South Carolina Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 9th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date was Monday, April 8th. Bank of South Carolina’s payout ratio is presently 71.58%.

Institutional Inflows and Outflows

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

About Bank of South Carolina

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.