Bank of South Carolina
Market Cap
US$88.9m
Last Updated
2021/01/28 00:22 UTC
Data Sources
Company Financials
Executive Summary
Bank of South Carolina Corporation operates as the bank holding company for The Bank of South Carolina that provides financial services to individuals, professionals, and small and middle market businesses in South Carolina. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet established dividend payer.
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: BKSC's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-1.8%
BKSC
-6.2%
US Banks
-2.7%
US Market
1 Year Return
-15.3%
BKSC
-10.3%
US Banks
21.2%
US Market
Return vs Industry: BKSC underperformed the US Banks industry which returned -8% over the past year.
Return vs Market: BKSC underperformed the US Market which returned 24.3% over the past year.
Shareholder returns
| BKSC | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | -6.2% | -2.7% |
| 30 Day | -1.4% | 1.4% | 1.8% |
| 90 Day | -3.5% | 30.9% | 16.4% |
| 1 Year | -11.6%-15.3% | -7.0%-10.3% | 23.9%21.2% |
| 3 Year | 4.8%-6.7% | -6.5%-14.5% | 43.7%34.2% |
| 5 Year | 26.2%5.8% | 75.1%53.2% | 124.3%99.2% |
Long-Term 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
1 month ago | Simply Wall St
Reflecting on Bank of South Carolina's (NASDAQ:BKSC) Share Price Returns Over The Last Year2 months ago | Simply Wall St
How Does Bank of South Carolina's (NASDAQ:BKSC) CEO Salary Compare to Peers?Valuation
Is Bank of South Carolina undervalued compared to its fair value and its price relative to the market?
13.71x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BKSC ($16.11) is trading above our estimate of fair value ($15.64)
Significantly Below Fair Value: BKSC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BKSC is poor value based on its PE Ratio (13.7x) compared to the US Banks industry average (12.1x).
PE vs Market: BKSC is good value based on its PE Ratio (13.7x) compared to the US market (21.2x).
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 (1.6x) compared to the US Banks industry average (1x).
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?
13.1%
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
- Examine Bank of South Carolina's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Banks industry.
Past Performance
How has Bank of South Carolina performed over the past 5 years?
9.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BKSC has high quality earnings.
Growing Profit Margin: BKSC's current net profit margins (32.7%) are lower than last year (37.4%).
Past Earnings Growth Analysis
Earnings Trend: BKSC's earnings have grown by 9.2% per year over the past 5 years.
Accelerating Growth: BKSC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BKSC had negative earnings growth (-11.6%) over the past year, making it difficult to compare to the Banks industry average (-2.6%).
Return on Equity
High ROE: BKSC's Return on Equity (11.9%) is considered low.
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
Financial Institutions Analysis
Asset Level: BKSC's Assets to Equity ratio (9.7x) is low.
Allowance for Bad Loans: BKSC has a sufficient allowance for bad loans (359%).
Low Risk Liabilities: 97% of BKSC's liabilities are made up of primarily low risk sources of funding.
Loan Level: BKSC has an appropriate level of Loans to Assets ratio (60%).
Low Risk Deposits: BKSC's Loans to Deposits ratio (69%) is appropriate.
Level of Bad Loans: BKSC has an appropriate level of bad loans (0.4%).
Next Steps
Dividend
What is Bank of South Carolina current dividend yield, its reliability and sustainability?
4.22%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BKSC's dividend (4.22%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: BKSC's dividend (4.22%) is in the top 25% of dividend payers in the US market (3.87%)
Stability and Growth of Payments
Stable Dividend: BKSC's dividends per share have been stable 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 reasonable payout ratio (55.3%), BKSC's dividend payments are 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?
7.0yrs
Average management tenure
CEO
Fleetwood Hassell (60 yo)
8.75yrs
Tenure
US$334,051
Compensation
Mr. Fleetwood S. Hassell has been the President and Chief Executive Officer of The Bank of South Carolina Corporation and its subsidiary Bank of South Carolina since April 11, 2012. Mr. Hassell served as a...
CEO Compensation Analysis
Compensation vs Market: Fleetwood's total compensation ($USD334.05K) is below average for companies of similar size in the US market ($USD528.98K).
Compensation vs Earnings: Fleetwood's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.75yrs | US$334.05k | 2.62% $ 2.3m | |
| Executive VP | 2.75yrs | no data | 0.83% $ 736.7k | |
| Executive VP | 2.75yrs | no data | 0.17% $ 152.8k | |
| Secretary & Independent Non Employee Director | 16yrs | US$5.55k | 0.16% $ 144.6k | |
| Executive VP | 7.75yrs | US$253.10k | 1.33% $ 1.2m | |
| Senior Vice President of Human Resources | no data | no data | no data | |
| Senior VP of Internal Controls & Risk Management Officer | no data | no data | no data | |
| Member of Advisory Board - West Ashley | no data | no data | no data | |
| Assistant Secretary | no data | no data | no data |
7.0yrs
Average Tenure
61yo
Average Age
Experienced Management: BKSC's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.75yrs | US$334.05k | 2.62% $ 2.3m | |
| Executive VP | 2.75yrs | no data | 0.83% $ 736.7k | |
| Executive VP | 2.75yrs | no data | 0.17% $ 152.8k | |
| Secretary & Independent Non Employee Director | 16yrs | US$5.55k | 0.16% $ 144.6k | |
| Executive VP | 7.75yrs | US$253.10k | 1.33% $ 1.2m | |
| Chairman of the Board | 26yrs | US$337.74k | 5.72% $ 5.1m | |
| Independent Non Employee Director | 26yrs | US$8.90k | 3.15% $ 2.8m | |
| Member of North Charleston Advisory Board | 8.25yrs | US$7.30k | no data | |
| Independent Lead Director | no data | US$7.63k | 0.078% $ 69.3k | |
| Independent Director | 0.75yr | US$7.20k | 0.14% $ 121.7k | |
| Independent Non Executive Director | 9.75yrs | US$6.30k | 0.30% $ 266.4k | |
| Independent Non-Employee Director | 16yrs | US$5.33k | 0.019% $ 16.8k |
9.8yrs
Average Tenure
62yo
Average Age
Experienced Board: BKSC's board of directors are considered experienced (9.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BKSC 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$88.935m
- Shares outstanding: 5.52m
- 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 bank holding company for The Bank of South Carolina that provides financial services to individuals, professionals, and small and middle market businesses...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/28 00:22 |
| End of Day Share Price | 2021/01/27 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.