Insider Buying: Bank of SC Co. (BKSC) Director Purchases 2,000 Shares of Stock

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Bank of SC Co. (NASDAQ:BKSC) Director Charles G. Lane purchased 2,000 shares of the business’s stock in a transaction dated Thursday, December 6th. The shares were purchased at an average cost of $18.75 per share, with a total value of $37,500.00. Following the acquisition, the director now owns 162,862 shares in the company, valued at approximately $3,053,662.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Bank of SC stock traded up $0.22 on Thursday, reaching $18.67. 2,054 shares of the stock were exchanged, compared to its average volume of 3,236. Bank of SC Co. has a one year low of $18.00 and a one year high of $23.00. The company has a market cap of $101.68 million, a PE ratio of 17.16 and a beta of -0.14.

Bank of SC (NASDAQ:BKSC) last issued its quarterly earnings results on Thursday, October 11th. The bank reported $0.32 earnings per share for the quarter. Bank of SC had a net margin of 30.23% and a return on equity of 13.88%.

A hedge fund recently raised its stake in Bank of SC stock. Dimensional Fund Advisors LP lifted its position in shares of Bank of SC Co. (NASDAQ:BKSC) by 29.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,760 shares of the bank’s stock after acquiring an additional 5,186 shares during the period. Dimensional Fund Advisors LP owned approximately 0.41% of Bank of SC worth $462,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 11.61% 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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