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Potomac Bancshares (OTCMKTS:PTBS) Shares Cross Above 50 Day Moving Average - Here's What Happened

Potomac Bancshares logo with Finance background

Key Points

  • Potomac Bancshares stock has surpassed its 50-day moving average, trading at $17.30, with a high of $17.35 during trading on Thursday.
  • The company recently reported earnings per share (EPS) of $0.52 for the last quarter, alongside a revenue of $9.40 million.
  • Potomac Bancshares declared a quarterly dividend of $0.13, resulting in an annualized yield of 3.0% and a dividend payout ratio of 26.94%.
  • MarketBeat previews the top five stocks to own by October 1st.

Potomac Bancshares, Inc. (OTCMKTS:PTBS - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.27 and traded as high as $17.35. Potomac Bancshares shares last traded at $17.30, with a volume of 2,897 shares changing hands.

Potomac Bancshares Stock Up 5.8%

The stock's 50-day simple moving average is $17.30 and its 200 day simple moving average is $16.48. The company has a market cap of $75.76 million, a price-to-earnings ratio of 9.48 and a beta of 0.23.

Potomac Bancshares (OTCMKTS:PTBS - Get Free Report) last issued its quarterly 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 7th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.8%. Potomac Bancshares's dividend payout ratio (DPR) is presently 26.94%.

Potomac Bancshares Company Profile

(Get Free Report)

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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