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

Equities researchers at StockNews.com initiated coverage on shares of Bank of South Carolina (NASDAQ:BKSC) in a research report issued on Tuesday. The firm set a “sell” rating on the bank’s stock.

Bank of South Carolina Price Performance

Bank of South Carolina stock opened at $11.10 on Tuesday. The firm has a 50 day moving average price of $12.01 and a 200-day moving average price of $12.57. Bank of South Carolina has a twelve month low of $9.52 and a twelve month high of $15.24. The company has a market capitalization of $60.61 million, a P/E ratio of 11.68 and a beta of 0.50.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bank of South Carolina stock. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Bank of South Carolina Co. (NASDAQ:BKSC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing. Hedge funds and other institutional investors 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.