Bank of South Carolina Corp., known by the ticker symbol BKSC, is a nano cap regional bank company in the financial services business sector. This is my first report on BKSC for my Viital stock portfolio or any of my previous 6.

Bank of South Carolina Corp. is a financial institution holding company. It is engaged in providing financial products and services. 

Image Source: Pixabay

The bank offers various deposits, including non-interest-bearing accounts, negotiable order of withdrawal accounts, money market accounts, time deposits, and savings accounts. Its loan offering includes commercial and industrial loans; real estate loans; loans to individuals for household, family and other personal expenditures. 

In addition to one- to four-family residential mortgage loans, it offers home equity loans and lines of credit that are secured by the borrower's primary or secondary residence. 

Geographically, all the activities are functioned through the regions of South Carolina and derive most of its income from interest on loans and investments.

The Bank is a South Carolina state-chartered bank with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, and the West Ashley community. 

It has been in continuous operation since 1987. 

Three key data points gauge any dividend equity or fund such as Bank of South Carolina Corp. (BKSC):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money. 

BKSC Price

BKSC's price per share was $20.10 as of yesterday's market close. One year ago its price was $16.60. So, BKSC's share price increased just over 27% in the past year.

If BKSC's stock trades in the range of $15.00 to $25.00 this next year, its recent $20.10 price could rise by $0.90 to reach $21.00 by November 12, 2022. My estimate is in line with the average annual price increase over the past 20 years.  

BKSC Dividends

BKSC's most recently announced a quarterly dividend of  $0.17 will paid out on November 29th, to shareholders. The compounded annual payout of $0.68 yields 3.38% based on yesterday's $20.10 closing price. BKSC has paid monthly dividends increasing generally annually since February 1994: That is over 28v years of increasing payouts come February. 

BKSC Returns

Adding the $0.68 annual estimated BKSC forward-looking dividend to my $0.90 price upside estimate shows a $1.58 potential gross gain, per share, to be reduced by any costs to trade BKSC shares.  

At yesterday's $20.10 price per share, a little over $1000 would buy 50 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us $0.20 per share.

Subtract that maybe $0.20 brokerage cost from my estimated $1.58 gross gain per share results in a net gain of $1.38 X 50 shares = $69.00 for a 6.9% net gain on a $1,005.00 investment.

So it is that Bank of South Carolina Corp. (BKSC) shows a possible 6.9% net gain including a 3.36% forward estimated dividend yield. 

Over the next year at this time, a $1000 investment in Bank of South Carolina Corp. (BKSC) could generate $33.80 in cash dividends alone. Note that a single share bought at yesterday's closing price was $20.10! Thus, the Bank of South Carolina Corp's share price is nearly $13.70 less than the dividend income from $1000.00 invested. Thus, according to my dogcatcher ideal, now is the time to pickup BKSC shares. The estimated next year dividend from $1k invested is nearly $14 over the single share 

All of the estimates above are speculation based on the past history of Bank of South Carolina Corp. (BKSC). Only time and money invested in this stock will determine its market value.