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

Key Points

• Potomac Bancshares, Inc. experienced a substantial increase in short interest, rising by 200% in July to a total of 300 shares.
• The company reported earnings of $0.52 per share and a revenue of $9.40 million for the last quarter, highlighting its financial performance.
• A quarterly dividend of $0.13 was recently issued, resulting in an annualized yield of 3.1% for investors.

Potomac Bancshares, Inc. (OTCMKTS:PTBS - Get Free Report) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 300 shares, anincreaseof200.0% from the July 15th total of 100 shares. Currently,0.0% of the company's shares are sold short. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,900 shares, the days-to-cover ratio is currently 0.2 days. Currently,0.0% of the company's shares are sold short.

Potomac Bancshares Stock Performance

PTBS traded up $0.05 on Thursday, reaching $16.95. 126 shares of the company's stock were exchanged, compared to its average volume of 1,094. The company's 50 day moving average is $17.19 and its 200-day moving average is $16.40. The company has a market cap of $70.17 million, a price-to-earnings ratio of 8.78 and a beta of 0.22. Potomac Bancshares has a twelve month low of $14.10 and a twelve month high of $18.00.

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

Potomac Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Thursday, July 31st were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.1%. Potomac Bancshares's dividend payout ratio (DPR) is presently 26.94%.

About Potomac Bancshares

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.