Bank of South Carolina Co. (NASDAQ:BKSC) Short Interest Update

Key Points

• Bank of South Carolina Co. (NASDAQ:BKSC) experienced a significant decline in short interest, dropping 50.0% to 1,600 shares as of July 31st.
• The company announced an increase in its quarterly dividend to $0.21 per share, up from the previous $0.19, resulting in an annualized yield of 5.4%.
• Wall Street analysts have issued a "sell" rating on Bank of South Carolina's shares, indicating cautious sentiment towards the company's stock performance.

Bank of South Carolina Co. (NASDAQ:BKSC - Get Free Report) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,600 shares, adecreaseof50.0% from the July 15th total of 3,200 shares. Currently,0.0% of the shares of the stock are sold short. Based on an average trading volume of 3,100 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 3,100 shares, the short-interest ratio is presently 0.5 days. Currently,0.0% of the shares of the stock are sold short.

Bank of South Carolina Stock Performance

Shares of NASDAQ:BKSC opened at $15.50 on Friday. The company has a 50 day moving average of $14.76 and a 200-day moving average of $14.18. The firm has a market cap of $84.01 million, a P/E ratio of 12.60 and a beta of 0.28. Bank of South Carolina has a twelve month low of $11.25 and a twelve month high of $16.00.

Bank of South Carolina Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 8th were given a $0.21 dividend. This is a boost from Bank of South Carolina's previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 5.4%. Bank of South Carolina's payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on shares of Bank of South Carolina in a research note on Sunday, May 18th. They issued a "sell" rating for the company.

Bank of South Carolina Company Profile

Bank of South Carolina Corporation operates as a bank holding company for The Bank of South Carolina that provides 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.