Potomac Bancshares, Inc. declares quarterly dividend of $0.10 per share
Potomac Bancshares, Inc. (OTC:PTBS), the holding company for Bank of Charles Town, has announced that it will be paying a quarterly dividend of $0.10 per share. Shareholders who are on record as of February 2, 2024, will receive the dividend payment on February 9, 2024. This announcement comes after the company reported assets of approximately $809M as of September 30, 2023.
Bank of Charles Town offers diverse range of banking services
Bank of Charles Town, a subsidiary of Potomac Bancshares, Inc., provides a wide range of banking services to its customers. These services include personal and business banking, as well as online and mobile banking solutions. The bank also offers various types of loans, such as commercial loans, residential and commercial construction loans, and government contractor loans. With its multiple branch and loan production offices located in West Virginia, Maryland, and Virginia, Bank of Charles Town is able to serve customers in multiple counties.
BCT Wealth Advisors provides trusted financial management services
Within Bank of Charles Town, there is a division called BCT Wealth Advisors that specializes in providing financial management, investment, trust, and estate services. This division has been operating for over 65 years and is known for its expertise and trusted advice. Whether individuals need help with investment strategies, estate planning, or trust administration, BCT Wealth Advisors is equipped to provide comprehensive financial solutions.
Potomac Bancshares recognized for excellence in banking industry
Potomac Bancshares and its subsidiary Bank of Charles Town have received various accolades in recognition of their excellence in the banking industry. In 2023, American Banker selected them as a “Top 200 Community Bank”, highlighting their strong performance and commitment to their communities. Additionally, Bank of Charles Town was voted as a “Best of the Best” winner in the Journal-News Readers’ Choice Awards in four different categories. The bank has also been named a “Best Bank To Work For” multiple times in recent years, demonstrating its dedication to both its employees and customers.
Investment opportunity: Potomac Bancshares offers stable dividends and attractive valuation
Investors looking for dividend-paying stocks may find an opportunity with Potomac Bancshares, Inc. The company has consistently raised its dividend over the past three years and has maintained payments for 11 consecutive years, which indicates a stable financial policy. This is particularly notable as the company is currently trading near its 52-week low, potentially making it an attractive option for value investors.
From a valuation perspective, Potomac Bancshares is trading at a P/E ratio of 8.28, which is considered attractive when compared to the market average. However, it is important to note that the company has shown weak gross profit margins according to the latest data. On the positive side, Potomac Bancshares has been profitable over the last twelve months, which is a positive sign for potential investors.
With a dividend yield of 2.67% and a dividend growth of 11.11% in the last twelve months as of Q3 2023, Potomac Bancshares could be an intriguing pick for income-focused portfolios.
Analyst comment
Positive news: Potomac Bancshares, Inc. declares a quarterly dividend of $0.10 per share, indicating a stable financial policy and potentially making it an attractive option for dividend-focused investors. The company has consistently raised its dividend over the past three years and has maintained payments for 11 consecutive years.
As an analyst, the market is likely to respond positively to this news, as it signals the company’s commitment to shareholders and its stability. The steady dividend payments and attractive valuation may attract investors, potentially leading to an increase in demand for Potomac Bancshares’ stock.
