Hugh C. Lane, Jr. Purchases 1,441 Shares of Bank of South Carolina Corp. (BKSC) Stock

Bank of South Carolina Corp. (NASDAQ:BKSC) Chairman Hugh C. Lane, Jr. purchased 1,441 shares of Bank of South Carolina stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $19.25 per share, with a total value of $27,739.25. Following the completion of the acquisition, the chairman now owns 244,971 shares in the company, valued at $4,715,691.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Bank of South Carolina Corp. (BKSC) remained flat at $$19.05 during trading on Thursday. 2,600 shares of the stock traded hands, compared to its average volume of 3,810. The firm has a market capitalization of $95.03, a price-to-earnings ratio of 19.84 and a beta of 0.13. Bank of South Carolina Corp. has a 1 year low of $17.35 and a 1 year high of $22.00.

Bank of South Carolina (NASDAQ:BKSC) last announced its quarterly earnings results on Thursday, January 11th. The bank reported $0.17 earnings per share (EPS) for the quarter. Bank of South Carolina had a return on equity of 11.45% and a net margin of 29.70%.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $0.60 annualized dividend and a dividend yield of 3.15%. Bank of South Carolina’s dividend payout ratio is 62.50%.

Institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC acquired a new stake in shares of Bank of South Carolina during the 2nd quarter valued at about $1,321,000. Northern Trust Corp lifted its holdings in shares of Bank of South Carolina by 6.4% during the 2nd 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. Deutsche Bank AG lifted its holdings in shares of Bank of South Carolina by 82.0% during the 4th quarter. Deutsche Bank AG now owns 7,324 shares of the bank’s stock valued at $141,000 after buying an additional 3,300 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in shares of Bank of South Carolina by 92.5% during the 4th quarter. Brown Advisory Inc. now owns 43,533 shares of the bank’s stock valued at $840,000 after buying an additional 20,921 shares during the last quarter. Institutional investors and hedge funds own 6.04% of the company’s stock.

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Bank of South Carolina 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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