Bank of SC (NASDAQ:BKSC) Stock Price Passes Above 50 Day Moving Average of $18.88

Shares of Bank of SC Co. (NASDAQ:BKSC) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $18.88 and traded as high as $19.03. Bank of SC shares last traded at $19.02, with a volume of 6,392 shares.

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $104.82 million, a PE ratio of 14.96 and a beta of 0.17. The stock has a fifty day moving average of $18.89.

Bank of SC (NASDAQ:BKSC) last announced its earnings results on Thursday, July 11th. The bank reported $0.33 EPS for the quarter. Bank of SC had a net margin of 34.20% and a return on equity of 15.68%.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Tuesday, July 9th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, July 8th. This represents a $0.64 annualized dividend and a dividend yield of 3.39%.

In other Bank of SC news, insider Eugene H. Iv Walpole purchased 1,483 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was bought at an average cost of $18.25 per share, with a total value of $27,064.75. Following the purchase, the insider now directly owns 3,611 shares of the company’s stock, valued at $65,900.75. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Eugene H. Iv Walpole purchased 4,500 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average cost of $19.60 per share, with a total value of $88,200.00. Following the completion of the purchase, the chief financial officer now directly owns 3,611 shares in the company, valued at $70,775.60. The disclosure for this purchase can be found here. Insiders have bought a total of 17,082 shares of company stock valued at $323,891 over the last ninety days. Company insiders own 27.94% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Bank of SC by 218.9% in the fourth quarter. BlackRock Inc. now owns 5,189 shares of the bank’s stock valued at $94,000 after buying an additional 3,562 shares in the last quarter. Synovus Financial Corp bought a new position in shares of Bank of SC in the first quarter valued at $192,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Bank of SC by 5.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 23,969 shares of the bank’s stock valued at $436,000 after buying an additional 1,209 shares in the last quarter. 7.90% of the stock is owned by institutional investors and hedge funds.

Bank of SC Company Profile (NASDAQ:BKSC)

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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