|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||32.50 - 32.50|
|52 Week Range||21.00 - 35.00|
|Beta (5Y Monthly)||0.49|
|PE Ratio (TTM)||12.13|
|Earnings Date||Jan 28, 2021|
|Forward Dividend & Yield||0.72 (2.25%)|
|Ex-Dividend Date||May 11, 2021|
|1y Target Est||N/A|
Buchanan-based Bank of Botetourt (OTCPK: BORT) is pleased to announce that its Board of Directors voted to elect Tommy L. Moore to serve as its new Chairman following the retirement of H. Watts Steger, III. Mr. Steger served as a Director from 1976-2021, including serving as Chairman since 2001. Mr. Moore has been on the Board since 1982 and currently serves as the Circuit Court Clerk for Botetourt County.
Buchanan-based Bank of Botetourt (OTCPK: BORT) announced today its unaudited financial results for the quarter-ended March 31, 2021. The Bank produced net income amounting to $1,980,000, the most profitable quarter in its history. The net income equated to $1.14 per basic share in the first quarter. This amount compares to a net income of $1,038,000 or $0.60 per share, for the same period last year.
Buchanan-based Bank of Botetourt (OTCPK: BORT) announced today that it has filed its Call Report with the Federal Deposit Insurance Corporation and reports the following unaudited financial results for year ended December 31, 2020. Net income for the fiscal year ended 2020 amounted to $4,631,000, exceeding budget expectations. This amount compares to $4,979,000 for the same period of 2019, representing a decrease of $348,000 or 7.0%. The decrease in annual earnings is primarily attributed to a larger contribution to the allowance loan losses necessitated by loan growth and the economic uncertainty related to the COVID-19 health pandemic. Both basic and diluted earnings per share amounted to $2.68 at December 31, 2020 compared to $2.90 one year prior. Book value was $30.17 at December 31, 2020 as compared to $28.12 at December 31, 2019. As a result of the solid financial performance, the Board of Directors voted to increase the quarterly dividend payment from $0.175 to $0.18 per share, or $0.72 per share annualized which is payable on February 18, 2021 to shareholders of record February 11, 2021. This represents an increase in dividend payment of 2.8%.