Heavy Insider Buying Witnessed At ProAssurance Corporation (PRA) And Bank of SC Corporation (NASDAQ:BKSC)

Moving on to Bank of SC Corporation (NASDAQ:BKSC), the South Carolina-based holding company of The Bank of South Carolina, several Independent Directors and Officers of the company were awarded 478 unallocated shares at $16.75 each as Trustees of the Employee Stock Ownership Plan (ESOP) on September 8. This included the company’s President, Fleetwood S. Hassell, CFO and Treasurer, Sheryl G. Sharry, Executive Vice President, Douglas Sass, and Independent Director David Schools. Accounting for this transaction, Mr. Hassell now owns 43,874 shares directly and 64,528 shares indirectly, Mrs. Sharry owns 38,935 shares directly and 51,989 shares indirectly, Mr. Sass owns 5,997 shares directly and 34,231 shares indirectly, and Mr. Schools owns 330 shares directly and 24,867 shares indirectly. After trading below the $15 mark for most of the first quarter, Bank of SC Corporation (NASDAQ:BKSC)’s shares had a more than 15% rally in the subsequent two months, breaking the $17 mark. However, they haven’t been able to trade above that mark continuously, even after breaking it thrice over the last four-and-a-half months. Bank of South Carolina currently operates branches in four cities of South Carolina – Charleston, Summerville, Mt. Pleasant, and West Ashley. Bank of SC Corporation (NASDAQ:BKSC) reported EPS of $0.28 for the second quarter of 2015, a 12.93% year-over-year increase from EPS of $0.25 it reported for the same quarter last year. None of the hedge funds tracked by us had a position in the company at the end of June.

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