Bank of South Carolina (NASDAQ:BKSC) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Bank of South Carolina Co. (NASDAQ:BKSC) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.40 and traded as high as $13.11. Bank of South Carolina shares last traded at $13.10, with a volume of 3,542 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Bank of South Carolina in a research note on Saturday. They set a “sell” rating on the stock.

Bank of South Carolina Stock Performance

The firm has a 50-day moving average of $13.32 and a 200-day moving average of $12.40. The firm has a market capitalization of $71.13 million, a P/E ratio of 10.65 and a beta of 0.47.

Bank of South Carolina Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.80%. The ex-dividend date is Tuesday, December 31st. Bank of South Carolina’s dividend payout ratio is 61.79%.

Bank of South Carolina Company Profile

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.