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

Key Points

• Brompton Split Banc Corp. (TSE:SBC) reached a new 12-month high, trading at C$11.40, before closing at C$11.36.
• The company has a market capitalization of C$254.94 million and a P/E ratio of 9.56, indicating a relatively stable valuation compared to its earnings.
• Investment objectives for the Class A Shares include regular monthly cash distributions of at least $0.10 per share, translating to a yield of 13.2% per annum.

Shares of Brompton Split Banc Corp. (TSE:SBC - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$11.40 and last traded at C$11.36, with a volume of 3575 shares changing hands. The stock had previously closed at C$11.40.

Brompton Split Banc Trading Up 0.2%

The company has a current ratio of 1.77, a quick ratio of 1.94 and a debt-to-equity ratio of 126.70. The firm has a fifty day simple moving average of C$10.85 and a two-hundred day simple moving average of C$9.99. The firm has a market cap of C$256.06 million, a PE ratio of 9.60 and a beta of 1.51.

About Brompton Split Banc

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...