Maltese Capital Management LLC boosted its holdings in Poage Bankshares Inc (NASDAQ:PBSK) by 13.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 308,005 shares of the savings and loans company’s stock after acquiring an additional 37,500 shares during the quarter. Maltese Capital Management LLC owned 8.75% of Poage Bankshares worth $5,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Seizert Capital Partners LLC lifted its position in Poage Bankshares by 4.8% in the 2nd quarter. Seizert Capital Partners LLC now owns 14,940 shares of the savings and loans company’s stock valued at $285,000 after acquiring an additional 687 shares in the last quarter. Western Standard LLC lifted its position in Poage Bankshares by 21.2% in the 3rd quarter. Western Standard LLC now owns 58,117 shares of the savings and loans company’s stock valued at $1,052,000 after acquiring an additional 10,178 shares in the last quarter. Finally, Stilwell Value LLC lifted its position in Poage Bankshares by 1,805.0% in the 2nd quarter. Stilwell Value LLC now owns 6,906,654 shares of the savings and loans company’s stock valued at $6,907,000 after acquiring an additional 6,544,100 shares in the last quarter. 33.03% of the stock is currently owned by institutional investors and hedge funds.

Poage Bankshares Inc (NASDAQ PBSK) opened at $18.90 on Friday. Poage Bankshares Inc has a 1 year low of $17.20 and a 1 year high of $20.25. The firm has a market cap of $67.44, a PE ratio of 46.71 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 declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 6th that allows the company to repurchase 180,000 outstanding shares. This repurchase authorization allows the savings and loans company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, November 3rd were given a $0.06 dividend. The ex-dividend date was Thursday, November 2nd. This represents a $0.24 annualized dividend and a yield of 1.27%. Poage Bankshares’s payout ratio is 58.54%.

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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.

Institutional Ownership by Quarter for Poage Bankshares (NASDAQ:PBSK)

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