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

Brompton Split Banc logo with Financial Services background

Key Points

  • Brompton Split Banc Corp. (TSE:SBC) shares reached a new 52-week high of C$14.16 on Tuesday, closing at C$14.09 with a trading volume of 88,979 shares.
  • The company maintains a high debt-to-equity ratio of 126.70 and a market capitalization of C$325.54 million, alongside a low price-to-earnings ratio of 2.75.
  • The investment strategy for Class A Shares targets regular monthly cash distributions of at least $0.10 per share, representing a yield of approximately 13.2% per annum.
  • Five stocks we like better than Brompton Split Banc.

Brompton Split Banc Corp. (TSE:SBC - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as C$14.16 and last traded at C$14.09, with a volume of 88979 shares trading hands. The stock had previously closed at C$13.99.

Brompton Split Banc Trading Up 0.7%

The company has a debt-to-equity ratio of 126.70, a current ratio of 1.77 and a quick ratio of 1.94. The business's 50 day simple moving average is C$12.45 and its 200 day simple moving average is C$10.92. The company has a market capitalization of C$325.54 million, a price-to-earnings ratio of 2.75 and a beta of 1.57.

About Brompton Split Banc

(Get Free Report)

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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