Bank of SC Co. (NASDAQ:BKSC) insider Douglas H. Sass sold 1,000 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $18.75, for a total transaction of $18,750.00. Following the completion of the transaction, the insider now directly owns 13,877 shares of the company’s stock, valued at $260,193.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
BKSC stock opened at $18.40 on Friday. Bank of SC Co. has a 1 year low of $16.75 and a 1 year high of $23.00. The stock has a market capitalization of $103.36 million, a P/E ratio of 14.99 and a beta of -0.04.
Bank of SC (NASDAQ:BKSC) last released its quarterly earnings results on Tuesday, April 9th. The bank reported $0.30 earnings per share (EPS) for the quarter. Bank of SC had a net margin of 34.38% and a return on equity of 15.91%.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 8th will be paid a dividend of $0.16 per share. This is an increase from Bank of SC’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, April 5th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.48%.
Several hedge funds and other institutional investors have recently made changes to their positions in BKSC. Dimensional Fund Advisors LP increased its stake in shares of Bank of SC by 29.5% during the third quarter. Dimensional Fund Advisors LP now owns 22,760 shares of the bank’s stock valued at $462,000 after purchasing an additional 5,186 shares in the last quarter. Vanguard Group Inc increased its position in shares of Bank of SC by 2.3% during the third quarter. Vanguard Group Inc now owns 48,939 shares of the bank’s stock valued at $993,000 after acquiring an additional 1,100 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Bank of SC by 218.9% during the fourth quarter. BlackRock Inc. now owns 5,189 shares of the bank’s stock valued at $94,000 after acquiring an additional 3,562 shares in the last quarter. 11.54% of the stock is owned by institutional investors and hedge funds.
About Bank of SC
Bank of South Carolina Corporation operates as the holding company for The Bank of South Carolina that provides commercial banking services to individuals, professionals, and small and middle market businesses in South Carolina. The company offers a range of deposit products, including 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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