BNP Paribas (OTCMKTS:BNPQY) Shares Gap Down - Here's Why

Key Points

• BNP Paribas shares gapped down significantly on Monday, opening at $44.15 after a previous close of $45.94, reflecting a notable drop in stock value.
• Multiple analyst ratings have been issued, with one brokerage upgrading the stock to a strong-buy rating, while another downgraded it to a moderate sell, leading to an average rating of "Moderate Buy".
• BNP Paribas has also announced a dividend of $1.2622 to be paid on October 29, with a payout ratio of 58.72%, indicating a strong commitment to returning value to shareholders despite recent stock fluctuations.

BNP Paribas SA (OTCMKTS:BNPQY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $45.94, but opened at $44.15. BNP Paribas shares last traded at $44.11, with a volume of 38,189 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on BNPQY. Royal Bank Of Canada reissued an "outperform" rating on shares of BNP Paribas in a research note on Friday, July 25th. Keefe, Bruyette & Woods downgraded BNP Paribas from a "hold" rating to a "moderate sell" rating in a research note on Thursday, August 21st. Finally, DZ Bank raised BNP Paribas from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

BNP Paribas Stock Down 3.8%

The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.65 and a current ratio of 0.65. The business's 50 day moving average is $46.25 and its 200-day moving average is $44.15. The firm has a market capitalization of $99.87 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 0.77 and a beta of 1.07.

BNP Paribas (OTCMKTS:BNPQY - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.55 by $0.09. The company had revenue of $14.27 billion for the quarter, compared to the consensus estimate of $12.75 billion. BNP Paribas had a return on equity of 8.40% and a net margin of 22.65%. Equities analysts anticipate that BNP Paribas SA will post 5.02 EPS for the current fiscal year.

BNP Paribas Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Friday, September 26th will be given a $1.2622 dividend. The ex-dividend date is Thursday, September 25th. This represents a dividend yield of 272.0%. BNP Paribas's dividend payout ratio (DPR) is currently 58.72%.

About BNP Paribas

BNP Paribas SA provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through three divisions: Corporate & Institutional Banking; Commercial, Personal Banking & Services; and Investment & Protection Services.

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