Bank of South Carolina Corp. (BKSC) Issues Quarterly Earnings Results

Bank of South Carolina Corp. (NASDAQ:BKSC) announced its earnings results on Thursday. The bank reported $0.28 earnings per share 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. (BKSC) opened at 18.65 on Friday. 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 1-year low of $17.35 and a 1-year high of $23.97. The firm has a market cap of $92.88 million, a P/E ratio of 17.59 and a beta of 0.26.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, October 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Bank of South Carolina Corp.’s previous quarterly dividend of $0.14. Bank of South Carolina Corp.’s dividend payout ratio is currently 57.14%.

In other news, insider Sheryl G. Sharry purchased 2,151 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $18.98 per share, with a total value of $40,825.98. Following the purchase, the insider now directly owns 55,055 shares of the company’s stock, valued at $1,044,943.90. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders purchased 5,272 shares of company stock valued at $88,616. Company 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 lifted its stake in Bank of South Carolina Corp. (NASDAQ:BKSC) by 6.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,302 shares of the bank’s stock after acquiring an additional 922 shares during the period. Northern Trust Corp owned 0.31% of Bank of South Carolina Corp. worth $310,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.23% of the company’s stock.

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Bank of South Carolina Corp. Company Profile

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.

Earnings History for Bank of South Carolina Corp. (NASDAQ:BKSC)

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