Bank of South Carolina Corp. (BKSC) to Release Earnings on Wednesday
Bank of South Carolina Corp. (NASDAQ:BKSC) last posted its earnings results on Thursday, July 13th. The bank reported $0.27 earnings per share (EPS) for the quarter. Bank of South Carolina Corp. had a net margin of 29.42% and a return on equity of 12.79%.
Shares of Bank of South Carolina Corp. (NASDAQ:BKSC) opened at 19.00 on Wednesday. Bank of South Carolina Corp. has a one year low of $17.35 and a one year high of $23.97. The company’s 50 day moving average is $18.62 and its 200 day moving average is $19.62. The company has a market cap of $94.62 million, a P/E ratio of 17.92 and a beta of 0.26.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Tuesday, October 10th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Friday, October 6th. 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 53.33%.
In related news, insider Sheryl G. Sharry purchased 2,151 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $18.98 per share, with a total value of $40,825.98. Following the acquisition, the insider now owns 55,055 shares of the company’s stock, valued at $1,044,943.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 5,272 shares of company stock worth $88,616 over the last quarter. Company insiders own 28.87% of the company’s stock.
A hedge fund recently raised its stake in Bank of South Carolina Corp. stock. Northern Trust Corp boosted its stake in Bank of South Carolina Corp. (NASDAQ:BKSC) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent filing with the SEC. 6.23% of the stock is owned by institutional investors and hedge funds.
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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