Potomac Bancshares, Inc. (OTCMKTS:PTBS) Sees Significant Growth in Short Interest

Potomac Bancshares, Inc. (OTCMKTS:PTBS) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 300 shares, an increase of 200.0% from the February 28th total of 100 shares. Based on an average trading volume of 800 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Potomac Bancshares Price Performance

Shares of OTCMKTS:PTBS traded down $0.10 during trading on Friday, hitting $15.40. 1,250 shares of the company’s stock were exchanged, compared to its average volume of 1,570. The business’s 50-day simple moving average is $15.75 and its 200 day simple moving average is $15.61. The company has a market cap of $63.83 million, a price-to-earnings ratio of 9.39 and a beta of 0.20. Potomac Bancshares has a 52-week low of $14.00 and a 52-week high of $17.00.

Potomac Bancshares (OTCMKTS:PTBS) last released its quarterly earnings data on Friday, January 31st. The company reported $0.55 earnings per share (EPS) for the quarter.

Potomac Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th were given a dividend of $0.12 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.12%. Potomac Bancshares’s payout ratio is 29.27%.

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.