Potomac Bancshares, Inc. (OTCMKTS:PTBS) Sees Large Increase in Short Interest

Potomac Bancshares, Inc. (OTCMKTS:PTBS) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 500 shares, a growth of 66.7% from the March 15th total of 300 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Potomac Bancshares Price Performance

Shares of PTBS stock opened at $14.65 on Friday. The stock’s fifty day simple moving average is $15.57 and its 200 day simple moving average is $15.66. Potomac Bancshares has a one year low of $14.00 and a one year high of $17.00. The firm has a market cap of $60.72 million, a price-to-earnings ratio of 8.93 and a beta of 0.17.

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

Potomac Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors 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 yield of 3.28%. Potomac Bancshares’s dividend payout ratio (DPR) is presently 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.