It may sometimes be a good move for investors to look into companies that may be flying under the radar and may not be on the watch lists of many investors. That is one way of unearthing stocks that could turn out to be long-term successes. One of the companies that you could consider looking into this morning is Potomac Bancshares Inc (OTCMKTS:PTBS).
Trading Data
On Wednesday, PTBS stock moved down 1.58% to $16.81 with 136 shares, compared to its average volume of 804 shares. The stock moved within a range of $16.81 – 16.81 after opening trade at $16.81.
About Potomac Bancshares
The company operates in the form of a bank holding company for the Bank of Charles Town. The bank offers a wide range of banking products and services to both enterprises as well as individuals. It offers all the services that one might expect from a standard commercial bank. At this point in time, the bank operates as many as 9 full-service branches and one office that is solely involved in the loan production business. Potomac Bancshares is a company of long-standing and had been established back in 1871. It is based out of Charles Town in West Virginia.
Now that you have a fair idea about the nature of Potomac Bancshares, it is perhaps time to take a look at some of the recent developments in order to make your mind up about the stock one way or another.
Potomac Bancshares Declares Quarterly Dividend
The company is in the news today after it made an announcement with regards to the cash dividends to be paid out for the latest quarter. Potomac Bancshares announced that at the meeting of the Board of Directors that was held this month, it had been decided that the company was going to pay dividends of $0.09 a share. The dividends are going to be paid out to all shareholders of record as of August 4, 2022. The dividend is going to be paid out on August 11, 2022.
It now remains to be seen if the latest announcement with regards to the dividends leads to any kind of traction for the Potomac Bancshares stock up until the record date or not.
BCT-Bank of Charles Town Launches Second Annual “Pack the ‘Pack” Donations Program with Its Backpack Program Partners For Local Food-Insecure Children
While the latest announcement was a significant one and could bring the stock into focus among investors in the coming days, it should be noted that the company had been in the news earlier on in the month on July 1 as well. At the time, the Bank of Charles Town announced the launch of the second annual funding campaign by way of its BCTCares for the Hungry Initiative. The campaign is focused on providing support to the backpack program that is run locally for children who are food insecure.
The campaign that has been launched by BTCares is called ‘Pack the Pack’ and is going to be committed to buying enough food that could produce as many as 5000 backpacks for the children. The fundraising campaign for the same started back on July 1, 2022, and is going to continue up until August 31, 2022. Those who wish to donate could do so at any of the branches that are operated by the bank.
Technical Data
PTBS stock is trading below the 20-Day and 50-Day Moving averages of $17.19 and $17.46 respectively. Moreover, the stock is trading below the 200-Day moving average of $18.15. The company has a total market capitalization of $69.48 million. The stock is up 28% over the past month.
