Bank of South Carolina (BKSC) Announces Earnings Results

Bank of South Carolina (NASDAQ:BKSC) released its quarterly earnings data on Thursday. The bank reported $0.17 earnings per share 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%.

Bank of South Carolina (NASDAQ BKSC) opened at $19.45 on Friday. Bank of South Carolina has a one year low of $17.35 and a one year high of $22.00. The firm has a market cap of $95.34, a P/E ratio of 19.92 and a beta of 0.25.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Tuesday, January 2nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.60 dividend on an annualized basis and a yield of 3.08%. Bank of South Carolina’s dividend payout ratio is 62.50%.

In other Bank of South Carolina news, insider Sheryl G. Sharry acquired 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 cost of $18.45 per share, for a total transaction of $73,800.00. Following the purchase, the insider now owns 55,055 shares of the company’s stock, valued at $1,015,764.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 7,223 shares of company stock valued at $107,378 over the last quarter. 28.87% of the stock is owned by company insiders.

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

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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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