Brompton Split Banc (TSE:SBC) Hits New 12-Month High - Time to 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.

Brompton Split Banc Corp. (TSE:SBC - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company 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 Stock Performance

The stock has a 50-day simple moving average of C$10.85 and a 200-day simple moving average of C$9.99. The company has a market capitalization of C$256.06 million, a price-to-earnings ratio of 9.60 and a beta of 1.51. The company has a current ratio of 1.77, a quick ratio of 1.94 and a debt-to-equity ratio of 126.70.

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...