Potomac Bancshares (OTCMKTS:PTBS) Releases Quarterly Earnings Results

Potomac Bancshares (OTCMKTS:PTBS) posted its quarterly earnings data on Tuesday. The company reported $0.40 earnings per share (EPS) for the quarter, reports. The company had revenue of $8.01 million during the quarter.

Potomac Bancshares Price Performance

OTCMKTS:PTBS opened at $14.50 on Thursday. Potomac Bancshares has a 1 year low of $14.00 and a 1 year high of $18.00. The firm has a market capitalization of $60.03 million, a price-to-earnings ratio of 8.29 and a beta of 0.10. The business has a 50 day simple moving average of $14.60 and a 200-day simple moving average of $14.85.

Potomac Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, May 3rd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.31%. This is a positive change from Potomac Bancshares’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, May 2nd. Potomac Bancshares’s dividend payout ratio (DPR) is presently 27.43%.

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.