Fri Sep 20 06:43:23 UTC 2024: ## StockNews.com Issues “Sell” Rating for Bank of South Carolina

**Charleston, SC – September 20, 2024** – Investment analysts at StockNews.com have initiated coverage on shares of Bank of South Carolina (NASDAQ:BKSC), issuing a “sell” rating on the bank’s stock. The firm cited [no specific reasons were provided in the original text].

Bank of South Carolina opened at $12.00 on Friday, with a market cap of $65.50 million. The bank’s price-to-earnings ratio is 11.54 and its beta is 0.49. Over the past year, shares have traded between a low of $10.22 and a high of $15.02. The firm’s fifty-day moving average price is $11.74 and its two-hundred day moving average price is $11.95.

The bank reported earnings for the quarter ending July 11th, with an EPS of $0.32. Bank of South Carolina had a return on equity of 12.48% and a net margin of 20.76%. Revenue for the quarter reached $5.61 million.

Bank of South Carolina Corporation operates as a bank holding company for The Bank of South Carolina, offering 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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