Arbuthnot Banking Group (LON:ARBB) Sets New 12-Month High - Here's What Happened

Key Points

• Arbuthnot Banking Group PLC shares achieved a new 12-month high, trading at GBX 905 ($12.13), increasing from a previous close of GBX 880 ($11.80).
• The company reported a quarterly earnings of GBX 42.50 per share, with an anticipated EPS of 169.25 for the current year.
• Shore Capital has maintained a "house stock" rating on Arbuthnot, indicating a positive outlook for the company amidst its recent trading performance.

Arbuthnot Banking Group PLC (LON:ARBB - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 775 ($10.39) and last traded at GBX 905 ($12.13), with a volume of 6246 shares traded. The stock had previously closed at GBX 880 ($11.80).

Analyst Upgrades and Downgrades

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

Arbuthnot Banking Group Stock Up 2.8%

The business has a 50 day moving average of GBX 992.53 and a 200 day moving average of GBX 964.05. The company has a market capitalization of £147.70 million, a P/E ratio of 9.03, 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 quarterly earnings results on Tuesday, July 22nd. The company reported GBX 42.50 earnings per share for the quarter. Arbuthnot Banking Group had a return on equity of 12.11% and a net margin of 12.76%. On average, research analysts anticipate that Arbuthnot Banking Group PLC will post 169.2518248 EPS for the current year.

About Arbuthnot Banking Group

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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