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Virginia Partners Bk Fredericksburg VA (PTRS) Declares $0.04 Dividend

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Virginia Partners Bk Fredericksburg VA reported on April 26, 2023 that its board of directors declared a regular quarterly dividend of $0.04 per share ($0.16 annualized). Previously, the company paid $0.04 per share.

Shares must be purchased before the ex-div date of May 9, 2023 to be eligible for the dividend. Shareholders of record as of May 10, 2023 will receive payment on May 17, 2023.

At the current share price of $7.66/share, the dividend yield of the stock is 2.09%.

Looking back five years and taking a sample each week, the average dividend yield was 1.34%, the low 0.96% and the high 2.15%. The standard deviation of returns is 0.33 (n=114).

The current dividend yield is 2.25 standard deviations above the historical average.

Additionally, the company’s dividend payout ratio is 0.21. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company’s 3-year dividend growth rate is 0.60%, demonstrating that it has increased its dividend over time.

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What is fund sentiment?

There are 52 funds or institutions reporting positions in Virginia Partners Bk Fredericksburg VA. This is an increase of 3 owner(s) or 6.12% over the last quarter. Average portfolio weight of all funds dedicated to the PTRS is 0.11%, an increase of 114.36%. The total number of shares held by institutions has increased over the past three months by 25.59% to 3,113,000 shares.

What are the other shareholders doing?

Bhz Capital Management holds 817,000 shares representing 4.55% ownership of the company.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 596,000 shares representing 3.32% ownership of the company. In its previous filing, the company said it held 320,000 shares, representing a raise of 46.28%. The company increase its portfolio allocation in PTRS of 71.32% in the last quarter.

Alliancebernstein holds 534,000 shares representing 2.97% ownership of the company. In its previous filing, the company stated that it held 0,000 shares, representing a raise of 100.00%.

Brown Advisory holds 188,000 shares representing 1.05% ownership of the company. No change in the last quarter.

HMEAX – Highland Merger Arbitrage Fund holds 114,000 shares representing 0.64% ownership of the company. No change in the last quarter.

Bancorp Partners General Information
(This description is provided by the company.)

Partners Bancorp (also known as Delmar Bancorp) is a bank holding company whose core asset includes Bank of Delmarva. Founded in 1896, Bank of Delmarva remains an independent, full-service community bank. Partners Bancorp seeks to reward shareholders whose capital is at risk. Bank of Delmarva’s main office is in Seaford, Delaware, and operates full commercial banking services through eleven branches in Maryland and Delaware, and three branches, operating as Liberty Bell Bank, in the market South Jersey/Philadelphia Metropolitan. Bank of Delmarva is committed to serving its local communities, knowing its customers and providing superior customer service. Virginia Partners Bank, headquartered in Fredericksburg, Virginia, was founded in 2008 and has three branches in Fredericksburg, Virginia. In Maryland, Virginia Partners Bank does business as Maryland Partners Bank (a division of Virginia Partners Bank) and operates a full-service branch and commercial banking office in La Plata, Maryland and a loan origination office in Annapolis, Maryland. Virginia Partners Bank also owns a controlling interest in Johnson Mortgage Company, LLC, which is a residential mortgage lending company headquartered in Newport News, Virginia with branches in Fredericksburg and Williamsburg, Virginia.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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