Bank of South Carolina (NASDAQ:BKSC) Shares Pass Below 200-Day Moving Average of $11.95

Bank of South Carolina Co. (NASDAQ:BKSC)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.95 and traded as low as $11.84. Bank of South Carolina shares last traded at $12.00, with a volume of 4,607 shares.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Bank of South Carolina in a report on Friday. They issued a “sell” rating for the company.

Bank of South Carolina Stock Performance

The stock has a 50 day moving average price of $11.74 and a 200 day moving average price of $11.95. The company has a market capitalization of $65.50 million, a P/E ratio of 11.54 and a beta of 0.49.

Bank of South Carolina (NASDAQ:BKSC) last announced its quarterly earnings data on Thursday, July 11th. The bank reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $5.61 million for the quarter. Bank of South Carolina had a return on equity of 12.48% and a net margin of 20.76%.

Bank of South Carolina Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Monday, July 8th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 5.67%. The ex-dividend date was Monday, July 8th. Bank of South Carolina’s payout ratio is 65.38%.

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.