Bank of South Carolina Corp. (NASDAQ:BKSC) issued its earnings results on Thursday. The bank reported $0.28 EPS for the quarter, Bloomberg Earnings reports. Bank of South Carolina Corp. had a net margin of 29.42% and a return on equity of 12.79%.
Bank of South Carolina Corp. (NASDAQ:BKSC) opened at 18.65 on Friday. The stock has a market capitalization of $92.88 million, a price-to-earnings ratio of 17.59 and a beta of 0.26. The stock’s 50 day moving average is $18.64 and its 200-day moving average is $19.53. Bank of South Carolina Corp. has a 12 month low of $17.35 and a 12 month high of $23.97.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, October 6th. This is a positive change from Bank of South Carolina Corp.’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.22%. Bank of South Carolina Corp.’s dividend payout ratio (DPR) is 57.14%.
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In related news, insider Sheryl G. Sharry purchased 2,151 shares of Bank of South Carolina Corp. stock in a transaction dated Thursday, August 17th. The shares were acquired at an average cost of $18.98 per share, with a total value of $40,825.98. Following the purchase, the insider now owns 55,055 shares of the company’s stock, valued at $1,044,943.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought a total of 5,272 shares of company stock worth $88,616 over the last three months. Insiders own 28.87% of the company’s stock.
An institutional investor recently raised its position in Bank of South Carolina Corp. stock. Northern Trust Corp increased its holdings in shares of Bank of South Carolina Corp. (NASDAQ:BKSC) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,302 shares of the bank’s stock after buying an additional 922 shares during the period. Northern Trust Corp owned about 0.31% of Bank of South Carolina Corp. worth $310,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.23% of the company’s stock.
About Bank of South Carolina Corp.
Bank of South Carolina Corporation is a financial institution holding company. The Company offers a range of financial services through its subsidiary, The Bank of South Carolina (the Bank). The Bank is a commercial bank, which operates principally in the Charleston, Dorchester and Berkeley counties of South Carolina.
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