Arbuthnot Banking Group (LON:ARBB) Sets New 1-Year High - Here's What Happened

Key Points

• Arbuthnot Banking Group shares reached a new 52-week high, trading at GBX 1,050 ($13.94), with a recent close at GBX 1,019 ($13.53).
• The company reported earnings of GBX 42.50 ($0.56) per share for the last quarter, with a net margin of 12.76% and a return on equity of 12.11%.
• Shore Capital has reiterated a "house stock" rating for Arbuthnot Banking Group's shares, indicating confidence in the stock.

Arbuthnot Banking Group PLC (LON:ARBB - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as GBX 1,050 ($13.94) and last traded at GBX 1,019 ($13.53), with a volume of 6272 shares traded. The stock had previously closed at GBX 1,042.85 ($13.85).

Analyst Ratings Changes

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

Arbuthnot Banking Group Stock Performance

The business's 50-day moving average price is GBX 961.55 and its 200 day moving average price is GBX 927.56. The stock has a market capitalization of £164.94 million, a PE ratio of 5.39, a price-to-earnings-growth ratio of 0.38 and a beta of 1.00.

Arbuthnot Banking Group (LON:ARBB - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The company reported GBX 42.50 ($0.56) 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%. As a group, equities research analysts predict 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.

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