Poage Bankshares (PBSK) Receiving Somewhat Favorable News Coverage, Report Shows
News stories about Poage Bankshares (NASDAQ:PBSK) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Poage Bankshares earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the savings and loans company an impact score of 48.9189869453609 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Poage Bankshares (NASDAQ:PBSK) traded down $0.11 during mid-day trading on Friday, hitting $19.39. The company had a trading volume of 600 shares, compared to its average volume of 3,186. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $68.68, a P/E ratio of 47.56 and a beta of 0.07. Poage Bankshares has a 52-week low of $17.20 and a 52-week high of $20.25.
Poage Bankshares announced that its Board of Directors has authorized a stock buyback program on Wednesday, December 6th that authorizes the company to buyback 180,000 outstanding shares. This buyback authorization authorizes the savings and loans company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
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Poage Bankshares Company Profile
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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