Bank of SC Co. (BKSC) President Fleetwood S. Hassell Acquires 10,000 Shares

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Bank of SC Co. (NASDAQ:BKSC) President Fleetwood S. Hassell purchased 10,000 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were purchased at an average cost of $18.92 per share, with a total value of $189,200.00. Following the transaction, the president now directly owns 51,487 shares in the company, valued at $974,134.04. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of BKSC opened at $18.40 on Friday. The firm has a market cap of $103.36 million, a price-to-earnings ratio of 14.99 and a beta of -0.04. Bank of SC Co. has a twelve month low of $16.75 and a twelve month high of $23.00.

Bank of SC (NASDAQ:BKSC) last announced its quarterly earnings results on Tuesday, April 9th. The bank reported $0.30 earnings per share for the quarter. Bank of SC had a net margin of 34.38% and a return on equity of 15.91%.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 8th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.64 annualized dividend and a yield of 3.48%. This is a boost from Bank of SC’s previous quarterly dividend of $0.15.

Several institutional investors have recently modified their holdings of BKSC. Dimensional Fund Advisors LP increased its stake in shares of Bank of SC by 29.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 22,760 shares of the bank’s stock worth $462,000 after acquiring an additional 5,186 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Bank of SC by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 48,939 shares of the bank’s stock worth $993,000 after acquiring an additional 1,100 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Bank of SC by 218.9% in the 4th quarter. BlackRock Inc. now owns 5,189 shares of the bank’s stock worth $94,000 after acquiring an additional 3,562 shares in the last quarter. Institutional investors own 11.54% of the company’s stock.

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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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