Short Interest in Potomac Bancshares, Inc. (OTCMKTS:PTBS) Drops By 50.0%

Potomac Bancshares, Inc. (OTCMKTS:PTBS) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 100 shares, a decline of 50.0% from the February 13th total of 200 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Potomac Bancshares Stock Performance

OTCMKTS:PTBS traded up $0.26 during midday trading on Friday, reaching $15.89. 1,891 shares of the stock traded hands, compared to its average volume of 1,727. The stock has a market capitalization of $65.86 million, a P/E ratio of 9.69 and a beta of 0.20. The company has a fifty day moving average of $15.83 and a 200 day moving average of $15.53. Potomac Bancshares has a 12 month low of $14.00 and a 12 month high of $17.00.

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

Potomac Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Thursday, February 6th were given a $0.12 dividend. The ex-dividend date was Thursday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.02%. Potomac Bancshares’s dividend payout ratio is currently 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.