Potomac Bancshares (OTCMKTS:PTBS) Releases Earnings Results

Key Points

• Potomac Bancshares reported a quarterly EPS of $0.52 and saw its stock rise to $18.00 during trading, with a 52-week range of $14.00 to $18.00.
• The company announced a quarterly dividend of $0.13, resulting in an annualized yield of 2.89% and a payout ratio of 29.38%.
• Potomac Bancshares operates as a bank holding company for Bank of Charles Town, offering a range of banking products and services to individuals and businesses.

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

Potomac Bancshares Stock Performance

Shares of PTBS stock remained flat at $17.98 during mid-day trading on Friday. The company has a fifty day moving average price of $17.31 and a 200-day moving average price of $16.27. The firm has a market cap of $74.44 million, a PE ratio of 9.32 and a beta of 0.22. Potomac Bancshares has a 52-week low of $14.00 and a 52-week high of $18.00.

Potomac Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.9%. Potomac Bancshares's payout ratio is 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.