Bank of South Carolina
Market Cap
US$104.2m
Last Updated
2020/02/16 23:33 UTC
Data Sources
Company Financials
Executive Summary
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.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
Similar Companies
Share Price & News
How has Bank of South Carolina's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BKSC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.08%
BKSC
0.5%
US Banks
1.5%
US Market
1 Year Return
3.4%
BKSC
12.1%
US Banks
20.1%
US Market
Return vs Industry: BKSC underperformed the US Banks industry which returned 12.1% over the past year.
Return vs Market: BKSC underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| BKSC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.08% | 0.5% | 1.5% |
| 30 Day | -0.8% | -1.3% | 1.4% |
| 90 Day | 0.1% | 1.2% | 8.7% |
| 1 Year | 7.6%3.4% | 15.4%12.1% | 22.7%20.1% |
| 3 Year | 10.8%-0.1% | 25.2%16.2% | 50.1%40.5% |
| 5 Year | 80.6%52.9% | 75.9%55.9% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Bank of South Carolina's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Bank of South Carolina Corporation's (NASDAQ:BKSC) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?1 month ago | Simply Wall St
What Kind Of Shareholders Own Bank of South Carolina Corporation (NASDAQ:BKSC)?1 month ago | Simply Wall St
Does Bank of South Carolina Corporation's (NASDAQ:BKSC) CEO Pay Compare Well With Peers?Valuation
Is Bank of South Carolina undervalued compared to its fair value and its price relative to the market?
2.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BKSC ($18.84) is trading below our estimate of fair value ($19.27)
Significantly Below Fair Value: BKSC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BKSC is poor value based on its PE Ratio (14.1x) compared to the Banks industry average (12.6x).
PE vs Market: BKSC is good value based on its PE Ratio (14.1x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate BKSC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: BKSC is overvalued based on its PB Ratio (2.1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Bank of South Carolina forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
2.2%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Bank of South Carolina has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Check out Bank of South Carolina's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Explore growth companies in the Banks industry.
Past Performance
How has Bank of South Carolina performed over the past 5 years?
9.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BKSC has high quality earnings.
Growing Profit Margin: BKSC's current net profit margins (37.4%) are higher than last year (31.5%).
Past Earnings Growth Analysis
Earnings Trend: BKSC's earnings have grown by 9.8% per year over the past 5 years.
Accelerating Growth: BKSC's earnings growth over the past year (23.2%) exceeds its 5-year average (9.8% per year).
Earnings vs Industry: BKSC earnings growth over the past year (23.2%) exceeded the Banks industry 12.1%.
Return on Equity
High ROE: BKSC's Return on Equity (14.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Bank of South Carolina's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: BKSC has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if BKSC's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: BKSC's level of assets compared to its equity is low.
Allowance for Bad Loans: BKSC has a sufficient allowance for bad loans.
Low Risk Liabilities: BKSC's liabilities are made up of primarily low risk sources of funding.
Loan Level: BKSC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BKSC's loans are broadly funded by customer deposits.
Level of Bad Loans: BKSC has an appropriate level of bad loans (0.62%)
Next Steps
Dividend
What is Bank of South Carolina's current dividend yield, its reliability and sustainability?
3.40%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BKSC's dividend (3.4%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: BKSC's dividend (3.4%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: BKSC's dividend payments have been volatile in the past 10 years.
Growing Dividend: BKSC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.3%), BKSC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.7yrs
Average management tenure
CEO
Fleetwood Hassell (59yo)
7.8yrs
Tenure
US$314,088
Compensation
Mr. Fleetwood S. Hassell has been the President and Chief Executive Officer of The Bank of South Carolina Corporation and its subsidiary Bank of South Carolina since April 11, 2012. Mr. Hassell served as a ...
CEO Compensation Analysis
Compensation vs Market: Fleetwood's total compensation ($USD314.09K) is below average for companies of similar size in the US market ($USD521.92K).
Compensation vs Earnings: Fleetwood's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.8yrs | US$314.09k | 2.02% $2.1m | |
| Executive VP | 1.8yrs | no data | 0.79% $819.9k | |
| Executive VP | 1.8yrs | no data | 0.17% $177.7k | |
| Secretary & Non Employee Director | 15.1yrs | US$5.55k | 0.13% $136.2k | |
| Executive VP | 6.8yrs | US$223.91k | 0.70% $732.2k | |
| Senior Vice President of Human Resources | 0yrs | no data | no data | |
| Member of Advisory Board - West Ashley | 0yrs | no data | no data | |
| Vice President of Internal Controls and Risk Management Officer | 4.7yrs | no data | no data | |
| Assistant Secretary | 0yrs | no data | no data |
4.7yrs
Average Tenure
60yo
Average Age
Experienced Management: BKSC's management team is considered experienced (4.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.8yrs | US$314.09k | 2.02% $2.1m | |
| Executive VP | 1.8yrs | no data | 0.79% $819.9k | |
| Executive VP | 1.8yrs | no data | 0.17% $177.7k | |
| Secretary & Non Employee Director | 15.1yrs | US$5.55k | 0.13% $136.2k | |
| Executive VP | 6.8yrs | US$223.91k | 0.70% $732.2k | |
| Chairman of the Board | 25.1yrs | US$317.75k | 5.67% $5.9m | |
| Non Employee Director | 25.1yrs | US$9.15k | 3.77% $3.9m | |
| Lead Director | 0yrs | US$6.80k | 0.078% $81.0k | |
| Non Executive Director | 8.8yrs | US$5.70k | 0.30% $311.6k | |
| Non-Employee Director | 15.1yrs | US$4.55k | 0.019% $19.6k |
13.8yrs
Average Tenure
60yo
Average Age
Experienced Board: BKSC's board of directors are seasoned and experienced ( 13.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Bank of South Carolina Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Bank of South Carolina Corporation
- Ticker: BKSC
- Exchange: NasdaqCM
- Founded: 1986
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$104.185m
- Shares outstanding: 5.53m
- Website: https://www.banksc.com
Number of Employees
Location
- Bank of South Carolina Corporation
- 256 Meeting Street
- PO Box 538
- Charleston
- South Carolina
- 29401
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BKSC | NasdaqCM (Nasdaq Capital Market) | Yes | Common Shares | US | USD | Oct 1986 |
Biography
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. It also provides secured and unsecured loans; commercial real estate loans; consumer loans, including construction, real estate, HELOCs, and mortgage; and home equity loans and lines of credit. It operates through Charleston, Summerville, and Mount Pleasant banking house locations in South Carolina. Bank of South Carolina Corporation was founded in 1986 and is headquartered in Charleston, South Carolina.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:33 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.