Brompton Split Banc (TSE:SBC) Hits New 12-Month High - Still a Buy?

Key Points

• Brompton Split Banc (TSE:SBC) hit a new 52-week high, trading as high as C$12.98 (last trade C$12.98) on Friday with ~45,699 shares changing hands and a 2.7% intraday gain from the prior close of C$12.56.
• The company shows strong liquidity (quick ratio 1.94, current ratio 2.43), a low P/E of 3.53, a beta of 0.44 and market capitalization of C$418.45 million, though it carries a debt-to-equity ratio of 71.59.
• Brompton’s share objectives: Preferred shares provide fixed cumulative quarterly distributions and return of issue price at maturity, while Class A shares target monthly distributions of $0.10 (a 13.2% annual yield) plus the potential for NAV growth.

Brompton Split Banc Corp. (TSE:SBC - ) reached a new 52-week high on Friday . The stock traded as high as C$12.98 and last traded at C$12.98, with a volume of 45699 shares changing hands. The stock had previously closed at C$12.56.

Brompton Split Banc Trading Up 2.7%

The company has a quick ratio of 1.94, a current ratio of 2.43 and a debt-to-equity ratio of 71.59. The stock has a fifty day simple moving average of C$12.28 and a 200 day simple moving average of C$12.71. The firm has a market capitalization of C$418.45 million, a P/E ratio of 3.53 and a beta of 0.44.

Brompton Split Banc Company Profile

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential quarterly cash distributions and to return the original issue price to holders of Preferred Shares on the Maturity Date. The investment objectives for the Class A Shares are to provide their holders with regular monthly cash distributions targeted to be at least $0.10 per Class A Share representing a yield on the issue price of the Class A Shares offered hereunder of 13.2% per annum and to provide holders of Class A Shares with the opportunity for growth in NAV per Class A Share...

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