StockNews.com Begins Coverage on Bank of South Carolina (NASDAQ:BKSC)

StockNews.com started coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a report issued on Monday. The brokerage set a “sell” rating on the bank’s stock.

Bank of South Carolina Price Performance

NASDAQ:BKSC opened at $11.28 on Monday. The firm has a market cap of $61.60 million, a price-to-earnings ratio of 11.88 and a beta of 0.53. The company has a 50 day moving average price of $12.13 and a 200-day moving average price of $12.69. Bank of South Carolina has a 1-year low of $9.52 and a 1-year high of $15.24.

Bank of South Carolina (NASDAQ:BKSC) last issued its quarterly earnings results on Tuesday, April 9th. The bank reported $0.25 EPS for the quarter. The company had revenue of $5.16 million during the quarter. Bank of South Carolina had a net margin of 19.55% and a return on equity of 11.85%.

Institutional Investors Weigh In On Bank of South Carolina

A hedge fund recently bought a new stake in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. bought a new position in shares of Bank of South Carolina Co. (NASDAQ:BKSC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 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 as of its most recent SEC filing. Institutional investors and hedge funds own 0.18% of the company’s stock.

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.