Canadian Banc (TSE:BK) Stock Price Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Canadian Banc crossed above its 50-day moving average, trading as high as C$14.95 and last at C$14.92 versus a 50‑day MA of C$13.98 on volume of 201,764 shares.
• The stock shows a market capitalization of C$731.18 million and a low valuation with a PE ratio of 3.21; key balance‑sheet metrics include debt‑to‑equity of 69.49, current ratio 2.47, quick ratio 2.23, beta 1.07, and a 200‑day MA of C$14.17.
• The company’s stated objectives focus on providing floating‑rate monthly cash dividends for Preferred (Prime + 0.75%) and Class A shares (Prime + 2.0%) with specified minimums/maximums and a target to return original issue price on redemption.

Canadian Banc Corp. (TSE:BK - ) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$13.98 and traded as high as C$14.95. Canadian Banc shares last traded at C$14.92, with a volume of 201,764 shares.

Canadian Banc Trading Up 0.3%

The company has a debt-to-equity ratio of 69.49, a current ratio of 2.47 and a quick ratio of 2.23. The firm's 50 day moving average is C$13.98 and its 200 day moving average is C$14.17. The company has a market capitalization of C$731.18 million, a PE ratio of 3.21 and a beta of 1.07.

Canadian Banc Company Profile

The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.

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