Pinnacle Bankshares Corp. (OTCMKTS:PPBN) Short Interest Update

Key Points

• Pinnacle Bankshares Corp. experienced a 100% growth in short interest, rising from 100 shares to 200 shares as of August 31st, indicating heightened trading activity.
• The company recently increased its quarterly dividend to $0.27 per share, up from $0.26, reflecting a 2.9% yield and a payout ratio of 24.32%.
• Pinnacle Bankshares reported a net margin of 16.90% and earnings per share of $1.21 in their latest quarterly earnings, showcasing strong financial performance.

Pinnacle Bankshares Corp. (OTCMKTS:PPBN - Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 200 shares, an increase of 100.0% from the August 15th total of 100 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,600 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 2,600 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Pinnacle Bankshares Price Performance

PPBN traded down $0.02 during midday trading on Thursday, hitting $37.68. 9,308 shares of the company traded hands, compared to its average volume of 781. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $84.03 million, a price-to-earnings ratio of 8.49 and a beta of 0.40. Pinnacle Bankshares has a 52-week low of $28.67 and a 52-week high of $38.00. The business has a 50 day simple moving average of $35.52 and a two-hundred day simple moving average of $33.48.

Pinnacle Bankshares (OTCMKTS:PPBN - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter. The business had revenue of $12.15 million for the quarter. Pinnacle Bankshares had a net margin of 16.90% and a return on equity of 12.23%.

Pinnacle Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Pinnacle Bankshares's previous quarterly dividend of $0.26. Pinnacle Bankshares's dividend payout ratio is 24.32%.

About Pinnacle Bankshares

Pinnacle Bankshares Corporation operates as the bank holding company for First National Bank that provides a range of commercial and retail banking products and services. The company accepts checking accounts, savings and time deposits, individual retirement accounts, certificates of deposit, and money market accounts.