Bank of South Carolina (BKSC) Receiving Somewhat Critical News Coverage, Study Shows

Media stories about Bank of South Carolina (NASDAQ:BKSC) have been trending somewhat negative this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bank of South Carolina earned a news sentiment score of -0.01 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.7986340108701 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

Shares of Bank of South Carolina (BKSC) traded down $0.15 during trading on Thursday, reaching $18.90. The company had a trading volume of 4,012 shares, compared to its average volume of 3,758. The company has a market capitalization of $94.46, a price-to-earnings ratio of 17.83 and a beta of 0.12. Bank of South Carolina has a 1-year low of $17.35 and a 1-year high of $22.00.

Bank of South Carolina (NASDAQ:BKSC) last issued its quarterly earnings results on Thursday, January 11th. The bank reported $0.17 EPS for the quarter. Bank of South Carolina had a return on equity of 11.45% and a net margin of 29.70%.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Tuesday, January 2nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.60 dividend on an annualized basis and a yield of 3.17%. Bank of South Carolina’s dividend payout ratio (DPR) is currently 56.60%.

In other news, Chairman Hugh C. Lane, Jr. bought 1,441 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was acquired at an average cost of $19.25 per share, with a total value of $27,739.25. Following the completion of the transaction, the chairman now directly owns 244,971 shares of the company’s stock, valued at approximately $4,715,691.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Hugh C. Lane, Jr. bought 3,259 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was purchased at an average cost of $19.25 per share, with a total value of $62,735.75. Following the completion of the transaction, the chairman now directly owns 248,230 shares of the company’s stock, valued at $4,778,427.50. The disclosure for this purchase can be found here. Insiders have purchased 11,900 shares of company stock worth $197,417 over the last quarter. 28.87% of the stock is currently owned by corporate insiders.

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About Bank of South Carolina

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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