Jeffersonville Bancorp (OTCMKTS:JFBC) Releases Quarterly Earnings Results

Key Points

• Jeffersonville Bancorp reported earnings of $0.78 per share for the quarter, with a return on equity of 12.90% and a net margin of 33.78%.
• Despite the positive earnings report, the company cut its dividend to $0.15 per share, which now reflects a yield of 293.0%.
• Shares of Jeffersonville Bancorp increased by 3.4% during trading, reaching $22.75, with a market capitalization of $96.23 million.

Jeffersonville Bancorp (OTCMKTS:JFBC - Get Free Report) announced its earnings results on Tuesday. The bank reported $0.78 earnings per share (EPS) for the quarter, Zacks reports. Jeffersonville Bancorp had a return on equity of 12.90% and a net margin of 33.78%.

Jeffersonville Bancorp Stock Up 3.4%

Shares of JFBC traded up $0.75 during midday trading on Tuesday, reaching $22.75. 200 shares of the stock were exchanged, compared to its average volume of 3,776. The stock's 50 day simple moving average is $20.92 and its 200 day simple moving average is $20.42. Jeffersonville Bancorp has a twelve month low of $17.75 and a twelve month high of $23.00. The company has a market cap of $96.23 million, a P/E ratio of 8.36 and a beta of 0.17.

Jeffersonville Bancorp Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 5th. Shareholders of record on Wednesday, May 28th were issued a $0.15 dividend. This represents a yield of 293.0%. The ex-dividend date of this dividend was Tuesday, May 27th. Jeffersonville Bancorp's dividend payout ratio is currently 22.06%.

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.

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