Potomac Bancshares (OTCMKTS:PTBS) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

Key Points

• Potomac Bancshares stock has fallen below its 50-day moving average of $17.20, trading as low as $16.95 with a market cap of $70.17 million.
• The company reported quarterly earnings of $0.52 per share with a revenue of $9.40 million earlier this year.
• A quarterly dividend of $0.13 per share was declared, representing an annualized yield of 3.1% and a payout ratio of 26.94%.

Potomac Bancshares, Inc. (OTCMKTS:PTBS - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $17.20 and traded as low as $16.95. Potomac Bancshares shares last traded at $16.95, with a volume of 126 shares changing hands.

Potomac Bancshares Price Performance

The firm's 50 day moving average is $17.23 and its two-hundred day moving average is $16.44. The firm has a market capitalization of $70.79 million, a P/E ratio of 8.86 and a beta of 0.22.

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

Potomac Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Thursday, July 31st were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.0%. Potomac Bancshares's dividend payout ratio 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.