Jeffersonville Bancorp (OTCMKTS:JFBC) Issues Earnings Results

Jeffersonville Bancorp (OTCMKTS:JFBC) released its quarterly earnings results on Thursday. The bank reported $0.78 earnings per share for the quarter, Zacks reports. Jeffersonville Bancorp had a return on equity of 12.72% and a net margin of 34.98%.

Jeffersonville Bancorp Stock Up 1.0%

Shares of OTCMKTS JFBC traded up $0.22 during mid-day trading on Thursday, reaching $22.00. 2,100 shares of the company were exchanged, compared to its average volume of 1,680. Jeffersonville Bancorp has a 52 week low of $18.81 and a 52 week high of $23.00. The company’s 50 day moving average price is $21.59 and its 200 day moving average price is $21.15. The stock has a market capitalization of $93.15 million, a PE ratio of 7.91 and a beta of 0.23.

Jeffersonville Bancorp Increases Dividend

The business also recently declared a dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 26th were issued a $0.25 dividend. This represents a dividend yield of 461.0%. The ex-dividend date of this dividend was Thursday, September 25th. This is a positive change from Jeffersonville Bancorp’s previous dividend of $0.15. Jeffersonville Bancorp’s payout ratio is currently 21.58%.

About Jeffersonville Bancorp

Jeffersonville Bancorp operates as the bank holding company for Jeff Bank that provides community banking services to individuals, small businesses, and local municipal governments primarily in Sullivan County, New York. The company offers various deposit products, such as checking, money market, savings, and NOW, as well as demand and time deposits.