Shares of Bank of South Carolina Corp. (NASDAQ:BKSC) traded up 6.50% during midday trading on Thursday, hitting $19.65. The stock had a trading volume of 330 shares. Bank of South Carolina Corp. has a one year low of $14.05 and a one year high of $19.65. The firm has a market capitalization of $97.11 million, a PE ratio of 20.26 and a beta of 0.32. The firm’s 50-day moving average price is $18.00 and its 200-day moving average price is $16.67.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Monday, October 3rd will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.04%. This is an increase from Bank of South Carolina Corp.’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 29th. Bank of South Carolina Corp.’s dividend payout ratio is currently 57.14%.
In other Bank of South Carolina Corp. news, Director Charles G. Lane purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was purchased at an average cost of $16.25 per share, with a total value of $81,250.00. Following the acquisition, the director now directly owns 158,295 shares of the company’s stock, valued at approximately $2,572,293.75. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Eugene H. Iv Walpole purchased 9,185 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The shares were acquired at an average cost of $16.25 per share, with a total value of $149,256.25. Following the completion of the acquisition, the chief financial officer now directly owns 2,034 shares in the company, valued at $33,052.50. The disclosure for this purchase can be found here. Corporate insiders own 20.48% of the company’s stock.
Bank of South Carolina Corp. 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.
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