Poage Bankshares (PBSK) Getting Somewhat Positive Media Coverage, Analysis Finds
News stories about Poage Bankshares (NASDAQ:PBSK) have trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Poage Bankshares earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news articles 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 effect on the company’s share price in the immediate future.
Poage Bankshares (NASDAQ PBSK) traded up $0.06 during trading hours on Wednesday, hitting $19.45. 8,600 shares of the stock were exchanged, compared to its average volume of 3,220. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $68.50, a price-to-earnings ratio of 47.44 and a beta of 0.07. Poage Bankshares has a twelve month low of $17.20 and a twelve month high of $20.25.
Poage Bankshares declared that its board has authorized a share repurchase plan on Wednesday, December 6th that permits the company to repurchase 180,000 shares. This repurchase authorization permits the savings and loans company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors 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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