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

Key Points

• Pinnacle Bankshares Corp. saw a significant decline in short interest in September, dropping to 100 shares from 200 shares, resulting in a short-interest ratio of just 0.1 days based on an average daily volume of 700 shares.
• The company recently increased its quarterly dividend to $0.27, marking a rise from the previous $0.26, with an annualized yield of 2.9% and a dividend payout ratio of 24.32%.
• Pinnacle Bankshares reported a quarterly earnings per share (EPS) of $1.21, with a net margin of 16.90% and revenue of $12.15 million for the quarter ending July 28th.

Pinnacle Bankshares Corp. (OTCMKTS:PPBN - Get Free Report) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 100 shares, a decline of 50.0% from the August 31st total of 200 shares. Based on an average daily volume of 700 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 700 shares, the short-interest ratio is currently 0.1 days.

Pinnacle Bankshares Trading Up 0.8%

Shares of OTCMKTS:PPBN opened at $37.89 on Friday. Pinnacle Bankshares has a 12 month low of $28.67 and a 12 month high of $38.00. The company has a market cap of $84.49 million, a price-to-earnings ratio of 8.53 and a beta of 0.39. The company has a 50-day moving average price of $36.50 and a 200-day moving average price of $33.93.

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

Pinnacle Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.9%. This is a boost from Pinnacle Bankshares's previous quarterly dividend of $0.26. Pinnacle Bankshares's dividend payout ratio (DPR) is currently 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.

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