Potomac Bancshares (OTCMKTS:PTBS) Share Price Passes Above 50-Day Moving Average - Here's Why

Key Points

• Potomac Bancshares' stock price has recently crossed above its 50-day moving average of $17.44, reaching a high of $18.84 before settling at $18.50.
• The company reported earnings of $0.52 EPS for the last quarter, with a total revenue of $9.40 million.
• Potomac Bancshares declared a quarterly dividend of $0.13 per share, translating to an annualized yield of 2.8% and a payout ratio of 26.94%.

Potomac Bancshares, Inc. (OTCMKTS:PTBS - Get Free Report) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.44 and traded as high as $18.84. Potomac Bancshares shares last traded at $18.50, with a volume of 900 shares traded.

Potomac Bancshares Stock Up 0.6%

The firm has a market cap of $73.49 million, a P/E ratio of 9.20 and a beta of 0.23. The firm 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 earnings per share (EPS) for the quarter. The company had revenue of $9.40 million for the quarter.

Potomac Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 7th. Investors of record on Thursday, July 31st were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.9%. Potomac Bancshares's 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.