Bank of South Carolina (NASDAQ:BKSC) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Shares of Bank of South Carolina Co. (NASDAQ:BKSC - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $13.67 and traded as high as $14.48. Bank of South Carolina shares last traded at $14.48, with a volume of 1,511 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Bank of South Carolina in a report on Saturday, May 10th. They issued a "sell" rating on the stock.

Bank of South Carolina Stock Down 2.3%

The firm has a market capitalization of $78.92 million, a PE ratio of 11.83 and a beta of 0.26. The firm's 50-day moving average price is $13.72 and its two-hundred day moving average price is $13.51.

Bank of South Carolina Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.19 per share. The ex-dividend date was Tuesday, April 8th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.22%. Bank of South Carolina's dividend payout ratio is 58.46%.

About Bank of South Carolina

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.