Potomac Bancshares, Inc. (OTCMKTS:PTBS) Sees Large Decrease in Short Interest

Key Points

• Potomac Bancshares, Inc. experienced a significant drop in short interest, decreasing by 66.7% to a total of 100 shares as of August 31st.
• The company reported an earnings per share (EPS) of $0.52 and revenue of $9.40 million for the last quarter.
• Potomac Bancshares announced a quarterly dividend of $0.13 per share, resulting in an annualized dividend yield of 2.9%.

Potomac Bancshares, Inc. (OTCMKTS:PTBS - Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 100 shares, a drop of 66.7% from the August 15th total of 300 shares. Based on an average trading volume of 2,700 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 2,700 shares, the short-interest ratio is currently 0.0 days.

Potomac Bancshares Stock Performance

PTBS stock opened at $17.75 on Friday. Potomac Bancshares has a one year low of $14.10 and a one year high of $18.84. The stock has a market capitalization of $73.49 million, a PE ratio of 9.20 and a beta of 0.23. The company has a fifty day moving average of $17.50 and a 200-day moving average of $16.59.

Potomac Bancshares (OTCMKTS:PTBS - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.52 EPS for the quarter. The firm had revenue of $9.40 million during the quarter.

Potomac Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Stockholders of record on Thursday, July 31st were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.9%. Potomac Bancshares's dividend payout ratio is presently 26.94%.

Potomac Bancshares Company Profile

Potomac Bancshares, Inc operates as the bank holding company for Bank of Charles Town that provides various banking products and services to individuals and businesses. The company offers checking, savings, and individual retirement accounts; and certificates of deposit (CD). It also provides personal loans, including new and used vehicle, home equity, unsecured home improvement and personal, retail equipment, and lot loans, as well as loans secured by CD, and home equity lines of credit; commercial loans for building or office purchases, commercial real estate and construction, and production and administrative equipment purchases; lines of credit; mortgage, commercial, term, residential and commercial construction, commercial real estate, and agricultural loans; and credit and debit cards.

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