Bank of South Carolina (NASDAQ:BKSC) Posts Earnings Results

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

Shares of Bank of South Carolina (BKSC) traded down $0.10 during midday trading on Friday, hitting $18.90. 3,600 shares of the stock traded hands, compared to its average volume of 3,992. Bank of South Carolina has a 1-year low of $17.35 and a 1-year high of $22.00. The firm has a market capitalization of $94.80, a price-to-earnings ratio of 19.69 and a beta of 0.25.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Tuesday, January 2nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.60 annualized dividend and a yield of 3.17%. Bank of South Carolina’s dividend payout ratio is presently 62.50%.

In other Bank of South Carolina news, insider Sheryl G. Sharry purchased 4,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were purchased at an average cost of $18.45 per share, with a total value of $73,800.00. Following the completion of the purchase, the insider now owns 55,055 shares in the company, valued at approximately $1,015,764.75. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders bought 7,223 shares of company stock worth $107,378. Insiders own 28.87% of the company’s stock.

An institutional investor recently raised its position in Bank of South Carolina stock. Northern Trust Corp lifted its holdings in Bank of South Carolina Corp. (NASDAQ:BKSC) by 6.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,302 shares of the bank’s stock after purchasing an additional 922 shares during the period. Northern Trust Corp owned approximately 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 currently owned by institutional investors.

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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.

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

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