Bank of South Carolina Corp. (BKSC) Insider Buys $19,000.00 in Stock

Bank of South Carolina Corp. (NASDAQ:BKSC) insider Douglas H. Sass bought 1,000 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were purchased at an average price of $19.00 per share, with a total value of $19,000.00. Following the transaction, the insider now owns 7,127 shares of the company’s stock, valued at $135,413. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Receive News & Ratings for Bank of South Carolina Corp. Daily

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of South Carolina Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Bank of South Carolina Corp. (NASDAQ:BKSC) traded down 1.46% during midday trading on Friday, hitting $18.50. The stock had a trading volume of 3,757 shares. Bank of South Carolina Corp. has a 52 week low of $16.88 and a 52 week high of $23.97. The company’s 50-day moving average price is $19.06 and its 200 day moving average price is $20.03. The company has a market capitalization of $92.13 million, a PE ratio of 17.45 and a beta of 0.23.

Bank of South Carolina Corp. (NASDAQ:BKSC) last posted its quarterly earnings results on Thursday, July 13th. The bank reported $0.27 earnings per share (EPS) for the quarter. Bank of South Carolina Corp. had a net margin of 29.42% and a return on equity of 12.79%.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Monday, July 3rd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.56 annualized dividend and a yield of 2.98%. Bank of South Carolina Corp.’s payout ratio is 53.33%.

ILLEGAL ACTIVITY WARNING: “[[title]]” was reported by [[site]] and is owned by of [[site]]. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at [[permalink]].

A number of hedge funds have recently bought and sold shares of BKSC. Northern Trust Corp raised its stake in Bank of South Carolina Corp. by 6.4% in the second quarter. Northern Trust Corp now owns 15,302 shares of the bank’s stock valued at $310,000 after buying an additional 922 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Bank of South Carolina Corp. during the second quarter valued at about $1,321,000. Finally, John W. Rosenthal Capital Management Inc. raised its stake in Bank of South Carolina Corp. by 3.3% in the second quarter. John W. Rosenthal Capital Management Inc. now owns 77,077 shares of the bank’s stock valued at $1,561,000 after buying an additional 2,450 shares during the last quarter. Institutional investors and hedge funds own 7.09% 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.