Bank of South Carolina Co. (NASDAQ:BKSC – Get Free Report) EVP Douglas H. Sass bought 900 shares of the company’s stock in a transaction on Monday, September 18th. The stock was bought at an average cost of $11.99 per share, for a total transaction of $10,791.00. Following the completion of the acquisition, the executive vice president now directly owns 18,542 shares of the company’s stock, valued at approximately $222,318.58. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Bank of South Carolina Stock Performance
Shares of BKSC traded down $0.01 during mid-day trading on Monday, hitting $10.40. 447,843 shares of the company traded hands, compared to its average volume of 8,473. The stock has a 50-day moving average price of $13.37 and a two-hundred day moving average price of $14.19. The stock has a market cap of $57.72 million, a price-to-earnings ratio of 8.97 and a beta of 0.45. Bank of South Carolina Co. has a 1 year low of $9.52 and a 1 year high of $18.17.
Bank of South Carolina (NASDAQ:BKSC – Get Free Report) last released its quarterly earnings results on Thursday, July 13th. The bank reported $0.23 earnings per share for the quarter. Bank of South Carolina had a net margin of 27.44% and a return on equity of 16.20%.
Bank of South Carolina Dividend Announcement
Hedge Funds Weigh In On Bank of South Carolina
A number of hedge funds have recently modified their holdings of the company. Advisor Group Holdings Inc. lifted its stake in shares of Bank of South Carolina by 37.8% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,359 shares of the bank’s stock valued at $119,000 after buying an additional 1,744 shares in the last quarter. BlackRock Inc. lifted its position in shares of Bank of South Carolina by 11.3% in the second quarter. BlackRock Inc. now owns 11,304 shares of the bank’s stock valued at $158,000 after acquiring an additional 1,149 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of Bank of South Carolina in the first quarter valued at about $173,000. State Street Corp purchased a new stake in shares of Bank of South Carolina during the second quarter worth about $197,000. Finally, Citigroup Inc. bought a new stake in Bank of South Carolina during the 1st quarter valued at approximately $222,000. 6.50% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, TheStreet cut Bank of South Carolina from a “b-” rating to a “c” rating in a research report on Monday, June 12th.
About Bank of South Carolina
Bank of South Carolina Corporation operates as a bank holding company for The Bank of South Carolina that provides a range of financial products and services primarily in Charleston, Berkeley, and Dorchester counties of South Carolina. Its deposits include 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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