Short Interest in Potomac Bancshares, Inc. (OTCMKTS:PTBS) Increases By 300.0%

Potomac Bancshares, Inc. (OTCMKTS:PTBS) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 400 shares, an increase of 300.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 1,800 shares, the short-interest ratio is currently 0.2 days.

Potomac Bancshares Price Performance

Shares of OTCMKTS PTBS remained flat at $16.50 during mid-day trading on Wednesday. Potomac Bancshares has a 12 month low of $14.00 and a 12 month high of $16.50. The stock has a market capitalization of $68.31 million, a P/E ratio of 10.51 and a beta of 0.13. The company’s 50 day simple moving average is $15.09 and its 200 day simple moving average is $14.73.

Potomac Bancshares (OTCMKTS:PTBS) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $8.71 million for the quarter.

Potomac Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Friday, November 1st. Potomac Bancshares’s payout ratio is currently 30.57%.

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.