Pinnacle Bankshares (OTCMKTS:PPBN) Releases Quarterly Earnings Results

Key Points

• Pinnacle Bankshares reported a quarterly earnings per share of $1.21 and has a net margin of 16.43% with a return on equity of 12.07%.
• The company recently increased its quarterly dividend to $0.26 per share, yielding 3.12%, marking a boost from the previous dividend of $0.25.
• Pinnacle Bankshares' stock is currently trading at $33.30, reflecting its 1-year range of $28.05 to $33.75 and a market capitalization of $74.26 million.

Pinnacle Bankshares (OTCMKTS:PPBN - Get Free Report) issued its quarterly earnings data on Monday. The financial services provider reported $1.21 earnings per share for the quarter, Zacks reports. Pinnacle Bankshares had a return on equity of 12.44% and a net margin of 16.90%. The company had revenue of $12.15 million for the quarter.

Pinnacle Bankshares Stock Down 0.1%

Shares of PPBN stock traded down $0.02 during trading hours on Thursday, reaching $33.00. 3,900 shares of the company's stock were exchanged, compared to its average volume of 1,860. The stock's 50 day moving average is $33.18 and its 200-day moving average is $32.12. The company has a market cap of $73.46 million, a price-to-earnings ratio of 7.43 and a beta of 0.34. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12. Pinnacle Bankshares has a fifty-two week low of $28.05 and a fifty-two week high of $33.75.

Pinnacle Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.2%. This is a positive change from Pinnacle Bankshares's previous quarterly dividend of $0.25. Pinnacle Bankshares's dividend payout ratio is currently 23.42%.

Pinnacle Bankshares Company Profile

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.