Bank of South Carolina (BKSC) Issues Quarterly Earnings Results

Bank of South Carolina (NASDAQ:BKSC) announced its earnings results on Thursday. The bank reported $0.17 EPS for the quarter, Bloomberg Earnings reports. Bank of South Carolina had a net margin of 29.70% and a return on equity of 12.70%.

Shares of Bank of South Carolina (NASDAQ:BKSC) traded down $0.02 on Friday, reaching $19.13. 2,900 shares of the company traded hands, compared to its average volume of 3,637. Bank of South Carolina has a fifty-two week low of $17.35 and a fifty-two week high of $22.00. The firm has a market capitalization of $94.71, a PE ratio of 18.05 and a beta of 0.24.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.14%. The ex-dividend date is Friday, December 29th. Bank of South Carolina’s payout ratio is 56.60%.

In other Bank of South Carolina news, insider Sheryl G. Sharry bought 4,000 shares of Bank of South Carolina stock in a transaction that occurred on Monday, December 4th. The stock was acquired at an average price of $18.45 per share, for a total transaction of $73,800.00. Following the completion of the acquisition, the insider now owns 55,055 shares of the company’s stock, valued at approximately $1,015,764.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 7,223 shares of company stock valued at $107,378 in the last 90 days. 28.87% of the stock is currently owned by corporate insiders.

An institutional investor recently raised its position in Bank of South Carolina stock. Northern Trust Corp boosted its position in shares of Bank of South Carolina Corp. (NASDAQ:BKSC) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,302 shares of the bank’s stock after acquiring an additional 922 shares during the quarter. Northern Trust Corp owned 0.31% of Bank of South Carolina worth $310,000 at the end of the most recent reporting period. 6.06% of the stock is owned by hedge funds and other institutional investors.

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Bank of South Carolina 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 (NASDAQ:BKSC)

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