Bank of SC Co. (BKSC) Declares Quarterly Dividend of $0.15

Bank of SC Co. (NASDAQ:BKSC) announced a quarterly dividend on Thursday, March 22nd, Fidelity reports. Stockholders of record on Monday, April 2nd will be given a dividend of 0.15 per share by the bank on Monday, April 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Thursday, March 29th.

Shares of NASDAQ BKSC traded up $0.05 during mid-day trading on Friday, reaching $20.00. 6,583 shares of the company’s stock were exchanged, compared to its average volume of 3,343. The firm has a market cap of $99.57, a P/E ratio of 19.18 and a beta of 0.09. Bank of SC has a twelve month low of $17.35 and a twelve month high of $21.95.

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Bank of SC (NASDAQ:BKSC) last released its quarterly earnings results on Tuesday, April 10th. The bank reported $0.32 EPS for the quarter. Bank of SC had a return on equity of 12.25% and a net margin of 26.60%.

In other Bank of SC news, Chairman Hugh C. Lane, Jr. purchased 3,259 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were bought at an average price of $19.25 per share, with a total value of $62,735.75. Following the completion of the transaction, the chairman now directly owns 248,230 shares in the company, valued at approximately $4,778,427.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Douglas H. Sass purchased 1,697 shares of the company’s stock in a transaction dated Thursday, March 22nd. The shares were acquired at an average cost of $21.25 per share, for a total transaction of $36,061.25. Following the transaction, the executive vice president now owns 13,752 shares of the company’s stock, valued at $292,230. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 14,022 shares of company stock worth $277,737. 28.94% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in Bank of SC stock. Northern Trust Corp boosted its position in Bank of SC Co. (NASDAQ:BKSC) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,302 shares of the bank’s stock after buying an additional 922 shares during the quarter. Northern Trust Corp owned approximately 0.31% of Bank of SC worth $310,000 as of its most recent filing with the SEC. 5.35% of the stock is currently owned by institutional investors.

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About Bank of SC

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.

Dividend History for Bank of SC (NASDAQ:BKSC)

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