Poage Bankshares Inc (NASDAQ:PBSK) declared a quarterly dividend on Tuesday, January 16th, NASDAQ reports. Investors of record on Friday, February 2nd will be paid a dividend of 0.06 per share by the savings and loans company on Friday, February 9th. This represents a $0.24 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, February 1st.
Poage Bankshares (NASDAQ PBSK) opened at $19.39 on Friday. The stock has a market cap of $66.92, a PE ratio of 46.34 and a beta of 0.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. Poage Bankshares has a 12-month low of $17.20 and a 12-month high of $21.00.
Poage Bankshares declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 6th that authorizes the company to repurchase 180,000 shares. This repurchase authorization authorizes the savings and loans company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
Poage Bankshares, Inc is a holding company for Town Square Bank (Town Square). Town Square is a federal savings association. The Company operates in banking segment. Town Square’s business consists of accepting savings accounts, checking accounts and certificates of deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, primarily in first lien one-to-four-family mortgage loans, commercial and multi-family real estate loans, commercial and industrial loans consumer loans, consisting primarily of automobile loans and home equity loans and lines of credit, and construction loans.
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