Bank of SC (NASDAQ:BKSC) released its quarterly earnings results on Thursday. The bank reported $0.32 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Bank of SC had a return on equity of 13.88% and a net margin of 30.23%.
Shares of BKSC stock traded up $0.39 during midday trading on Friday, hitting $18.59. The company had a trading volume of 363 shares, compared to its average volume of 5,556. Bank of SC has a 52-week low of $16.75 and a 52-week high of $23.00. The company has a market capitalization of $100.30 million, a P/E ratio of 16.92 and a beta of -0.05.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Wednesday, January 9th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, January 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.23%.
In related news, Director Charles G. Lane bought 2,000 shares of the stock in a transaction on Thursday, December 6th. The shares were bought at an average cost of $18.75 per share, for a total transaction of $37,500.00. Following the purchase, the director now owns 162,862 shares of the company’s stock, valued at approximately $3,053,662.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders acquired a total of 4,262 shares of company stock worth $81,748 over the last quarter. Company insiders own 28.94% of the company’s stock.
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Bank of SC Company Profile
Bank of South Carolina Corporation operates as the holding company for The Bank of South Carolina that provides commercial banking services to individuals, professionals, and small and middle market businesses in South Carolina. The company offers a range of deposit products, including non-interest bearing demand accounts, NOW accounts, money market accounts, time deposits, and savings accounts, as well as certificates of deposit.
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