Arbuthnot Banking Group (LON:ARBB) Hits New 1-Year High - Still a Buy?

Key Points

• Arbuthnot Banking Group's stock reached a new 52-week high of GBX 1,050 ($14.24) and last traded at GBX 1,030 ($13.97) with a market capitalization of £166.72 million.
• Shore Capital has reaffirmed a "house stock" rating on Arbuthnot Banking Group, indicating positive analyst sentiment towards the company.
• The company reported earnings per share of GBX 42.50 ($0.58) for the quarter with a return on equity of 12.11% and a net margin of 12.76%.

Arbuthnot Banking Group PLC (LON:ARBB - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as GBX 1,050 ($14.20) and last traded at GBX 1,030 ($13.93), with a volume of 7217 shares traded. The stock had previously closed at GBX 1,038 ($14.04).

Analyst Ratings Changes

Separately, Shore Capital reissued a "house stock" rating on shares of Arbuthnot Banking Group in a research note on Tuesday, July 22nd.

Arbuthnot Banking Group Trading Up 2.0%

The firm has a market cap of £167.54 million, a P/E ratio of 5.48, a price-to-earnings-growth ratio of 0.38 and a beta of 1.00. The business's fifty day simple moving average is GBX 984.49 and its 200-day simple moving average is GBX 941.35.

Arbuthnot Banking Group (LON:ARBB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported GBX 42.50 earnings per share (EPS) for the quarter. Arbuthnot Banking Group had a net margin of 12.76% and a return on equity of 12.11%. Analysts anticipate that Arbuthnot Banking Group PLC will post 169.2518248 earnings per share for the current year.

Arbuthnot Banking Group Company Profile

Arbuthnot Banking Group PLC, together with its subsidiaries, provides private and commercial banking products and services in the United Kingdom. It operates through nine segments: Banking, Wealth Management, Mortgage Portfolios, Renaissance Asset Finance, Arbuthnot Commercial Asset Based Lending, Arbuthnot Specialist Finance Limited, Asset Alliance Group, All Other Divisions, and Group Centre segments.