NasdaqCM:BKSC

Stock Analysis Report

Bank of South Carolina

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.

Snowflake

Fundamentals

Flawless balance sheet with acceptable 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


Market Performance


7 Day Return

-0.6%

BKSC

2.9%

US Banks

0.07%

US Market


1 Year Return

-4.3%

BKSC

8.6%

US Banks

8.9%

US Market

Return vs Industry: BKSC underperformed the US Banks industry which returned 8.6% over the past year.

Return vs Market: BKSC underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

BKSCIndustryMarket
7 Day-0.6%2.9%0.07%
30 Day0.05%3.4%-0.3%
90 Day-0.4%2.1%-1.6%
1 Year-0.5%-4.3%11.8%8.6%11.3%8.9%
3 Year20.9%9.2%54.8%44.1%46.3%36.8%
5 Year78.2%50.8%70.2%51.6%62.1%44.3%

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

Valuation

Is Bank of South Carolina undervalued compared to its fair value and its price relative to the market?

14.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BKSC ($18.87) is trading above our estimate of fair value ($15.99)

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 (14.8x) compared to the Banks industry average (12.6x).

PE vs Market: BKSC is good value based on its PE Ratio (14.8x) compared to the US market (17.8x).


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?

-3.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKSC's earnings are forecast to decline over the next 3 years (-3.4% per year).

Earnings vs Market: BKSC's earnings are forecast to decline over the next 3 years (-3.4% per year).

High Growth Earnings: BKSC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if BKSC's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if BKSC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BKSC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Bank of South Carolina performed over the past 5 years?

9.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BKSC's earnings have grown by 9.3% per year over the past 5 years.

Accelerating Growth: BKSC's earnings growth over the past year (26.4%) exceeds its 5-year average (9.3% per year).

Earnings vs Industry: BKSC earnings growth over the past year (26.4%) underperformed the Banks industry 29.7%.


Return on Equity

High ROE: BKSC's Return on Equity (14.4%) is considered low.


Return on Assets

ROA vs Industry: BKSC has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BKSC's Return on Capital Employed to determine if it has improved over the past 3 years.


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 (0.21%)


Next Steps

Dividend

What is Bank of South Carolina's current dividend yield, its reliability and sustainability?

3.39%

Current Dividend Yield


Dividend Yield vs Market

company3.4%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BKSC's dividend (3.39%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: BKSC's dividend (3.39%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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 (48.7%), 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

What is the CEO of Bank of South Carolina's salary, the management and board of directors tenure and is there insider trading?

4.3yrs

Average management tenure


CEO

Fleetwood Hassell (59yo)

7.5yrs

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 ($USD314.09K) is about average for companies of similar size in the US market ($USD509.30K).

Compensation vs Earnings: Fleetwood's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.3yrs

Average Tenure

60yo

Average Age

Experienced Management: BKSC's management team is considered experienced (4.3 years average tenure).


Board Age and Tenure

13.5yrs

Average Tenure

60yo

Average Age

Experienced Board: BKSC's board of directors are seasoned and experienced ( 13.5 years average tenure).


Insider Trading

Insider Buying: BKSC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$6,00224 Sep 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares605
Max PriceUS$9.92
BuyUS$4,21930 Aug 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares225
Max PriceUS$18.75
SellUS$11,11923 Aug 19
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares601
Max PriceUS$18.50
BuyUS$60,13323 Aug 19
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares3,860
Max PriceUS$18.50
BuyUS$49,02523 Aug 19
Fleetwood Hassell
EntityIndividual
Role
Chief Executive Officer
President
Shares2,650
Max PriceUS$18.50
BuyUS$49,02523 Aug 19
Sheryl Sharry
EntityIndividual
Shares2,650
Max PriceUS$18.50
BuyUS$49,02523 Aug 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares2,650
Max PriceUS$18.50
BuyUS$48,75019 Aug 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares2,600
Max PriceUS$18.75
BuyUS$48,75019 Aug 19
Fleetwood Hassell
EntityIndividual
Role
Chief Executive Officer
President
Shares2,600
Max PriceUS$18.75
BuyUS$48,75019 Aug 19
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares2,600
Max PriceUS$18.75
BuyUS$48,75019 Aug 19
Sheryl Sharry
EntityIndividual
Shares2,600
Max PriceUS$18.75
BuyUS$49,40012 Aug 19
Sheryl Sharry
EntityIndividual
Shares2,600
Max PriceUS$19.00
BuyUS$49,40012 Aug 19
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares2,600
Max PriceUS$19.00
BuyUS$49,40012 Aug 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares2,600
Max PriceUS$19.00
BuyUS$49,40012 Aug 19
Fleetwood Hassell
EntityIndividual
Role
Chief Executive Officer
President
Shares2,600
Max PriceUS$19.00
BuyUS$26606 Aug 19
Susanne Boyd
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares13.6
Max PriceUS$19.58
BuyUS$57806 Aug 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares29.97
Max PriceUS$19.28
BuyUS$49,11530 Jul 19
Sheryl Sharry
EntityIndividual
Shares2,585
Max PriceUS$19.00
BuyUS$49,11530 Jul 19
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares2,585
Max PriceUS$19.00
BuyUS$49,11530 Jul 19
Fleetwood Hassell
EntityIndividual
Role
Chief Executive Officer
President
Shares2,585
Max PriceUS$19.00
BuyUS$49,11530 Jul 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares2,585
Max PriceUS$19.00
BuyUS$9,40519 Jul 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares500
Max PriceUS$18.81
BuyUS$27,06524 Jun 19
Sheryl Sharry
EntityIndividual
Shares1,483
Max PriceUS$18.25
BuyUS$27,06524 Jun 19
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares1,483
Max PriceUS$18.25
BuyUS$27,06524 Jun 19
Fleetwood Hassell
EntityIndividual
Role
Chief Executive Officer
President
Shares1,483
Max PriceUS$18.25
BuyUS$27,06524 Jun 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares1,483
Max PriceUS$18.25
SellUS$319 Jun 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares0.19
Max PriceUS$18.33
BuyUS$49,00006 Jun 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares2,800
Max PriceUS$17.50
BuyUS$49,00006 Jun 19
Sheryl Sharry
EntityIndividual
Shares2,800
Max PriceUS$17.50
BuyUS$49,00006 Jun 19
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares2,800
Max PriceUS$17.50
BuyUS$49,00006 Jun 19
Fleetwood Hassell
EntityIndividual
Role
Chief Executive Officer
President
Shares2,800
Max PriceUS$17.50
BuyUS$6,02004 Jun 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares335
Max PriceUS$17.97
BuyUS$6,02004 Jun 19
Sheryl Sharry
EntityIndividual
Shares335
Max PriceUS$17.97
BuyUS$6,02004 Jun 19
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares335
Max PriceUS$17.97
BuyUS$6,02004 Jun 19
Fleetwood Hassell
EntityIndividual
Role
Chief Executive Officer
President
Shares335
Max PriceUS$17.97
BuyUS$88,20015 May 19
Sheryl Sharry
EntityIndividual
Shares4,500
Max PriceUS$19.60
BuyUS$88,20015 May 19
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares4,500
Max PriceUS$19.60
BuyUS$88,20015 May 19
Fleetwood Hassell
EntityIndividual
Role
Chief Executive Officer
President
Shares4,500
Max PriceUS$19.60
BuyUS$88,20015 May 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares4,500
Max PriceUS$19.60
BuyUS$56703 May 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares29.35
Max PriceUS$19.32
BuyUS$1,50329 Apr 19
Sheryl Sharry
EntityIndividual
Shares81
Max PriceUS$18.56
SellUS$18,75019 Apr 19
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares1,000
Max PriceUS$18.75
BuyUS$189,20019 Apr 19
Sheryl Sharry
EntityIndividual
Shares10,000
Max PriceUS$18.92
BuyUS$189,20019 Apr 19
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares10,000
Max PriceUS$18.92
BuyUS$189,20019 Apr 19
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares10,000
Max PriceUS$18.92
BuyUS$189,20019 Apr 19
Fleetwood Hassell
EntityIndividual
Role
Chief Executive Officer
President
Shares10,000
Max PriceUS$18.92
BuyUS$8,31614 Dec 18
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares462
Max PriceUS$18.00
BuyUS$8,31614 Dec 18
Sheryl Sharry
EntityIndividual
Shares462
Max PriceUS$18.00
BuyUS$8,31614 Dec 18
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares462
Max PriceUS$18.00
BuyUS$8,31614 Dec 18
Fleetwood Hassell
EntityIndividual
Role
Chief Executive Officer
President
Shares462
Max PriceUS$18.00
BuyUS$37,50006 Dec 18
Charles Lane
EntityIndividual
Shares2,000
Max PriceUS$18.75
SellUS$19,48330 Nov 18
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares985
Max PriceUS$19.78
SellUS$29730 Nov 18
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares15
Max PriceUS$19.78
BuyUS$7,88016 Nov 18
Sheryl Sharry
EntityIndividual
Shares400
Max PriceUS$19.70
BuyUS$15,76016 Nov 18
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares800
Max PriceUS$19.70
BuyUS$7,88016 Nov 18
Fleetwood Hassell
EntityIndividual
Role
Chief Executive Officer
President
Shares400
Max PriceUS$19.70
BuyUS$7,88016 Nov 18
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares400
Max PriceUS$19.70
BuyUS$11,82015 Nov 18
Sheryl Sharry
EntityIndividual
Shares600
Max PriceUS$19.70
BuyUS$11,82015 Nov 18
Douglas Sass
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares600
Max PriceUS$19.70
BuyUS$11,82015 Nov 18
Eugene Walpole
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares600
Max PriceUS$19.70
BuyUS$11,82015 Nov 18
Fleetwood Hassell
EntityIndividual
Role
Chief Executive Officer
President
Shares600
Max PriceUS$19.70

Ownership Breakdown


Management Team

  • Charlie Ledford (71yo)

    Member of Advisory Board - West Ashley

    • Tenure: 0yrs
  • Richard Hutson (61yo)

    Secretary & Non Employee Director

    • Tenure: 14.8yrs
    • Compensation: US$5.55k
  • Fleetwood Hassell (59yo)

    President

    • Tenure: 7.5yrs
    • Compensation: US$314.09k
  • Susanne Boyd (42yo)

    Executive VP

    • Tenure: 1.5yrs
  • Doug Sass (61yo)

    Executive VP

    • Tenure: 6.5yrs
    • Compensation: US$223.91k
  • Costa Thomas

    Assistant Secretary

    • Tenure: 0yrs
  • Lauren Nilan

    Vice President of Internal Controls and Risk Management Officer

    • Tenure: 4.3yrs
  • Gene Walpole (34yo)

    Executive VP

    • Tenure: 1.5yrs
  • Mindy Buhrmaster

    Senior Vice President of Human Resources

    • Tenure: 0yrs

Board Members

  • Hugh Lane (71yo)

    Chairman of the Board

    • Tenure: 24.8yrs
    • Compensation: US$317.75k
  • William Hiott (74yo)

    Non Employee Director

    • Tenure: 24.8yrs
    • Compensation: US$9.15k
  • Alan Nussbaum (67yo)

    Lead Director

    • Tenure: 0yrs
    • Compensation: US$6.80k
  • Steve Swanson (51yo)

    Non Executive Director

    • Tenure: 8.5yrs
    • Compensation: US$5.70k
  • Richard Hutson (61yo)

    Secretary & Non Employee Director

    • Tenure: 14.8yrs
    • Compensation: US$5.55k
  • Graham Eubank (51yo)

    Non-Employee Director

    • Tenure: 14.8yrs
    • Compensation: US$4.55k
  • Fleetwood Hassell (59yo)

    President

    • Tenure: 7.5yrs
    • Compensation: US$314.09k
  • Susanne Boyd (42yo)

    Executive VP

    • Tenure: 1.5yrs
  • Doug Sass (61yo)

    Executive VP

    • Tenure: 6.5yrs
    • Compensation: US$223.91k
  • Gene Walpole (34yo)

    Executive VP

    • Tenure: 1.5yrs

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$104.351m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKSCNasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDOct 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 busine ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:31
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.