NatWest Group (NYSE:NWG - Get Free Report) posted its earnings results on Friday. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.05, Zacks reports. The firm had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $3.80 billion.
NatWest Group Trading Down 1.6 %
NatWest Group stock traded down $0.20 during midday trading on Tuesday, reaching $12.87. The stock had a trading volume of 4,494,057 shares, compared to its average volume of 3,358,708. NatWest Group has a 52-week low of $7.80 and a 52-week high of $13.21. The company has a fifty day moving average of $12.08 and a 200 day moving average of $10.95. The firm has a market cap of $51.82 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.16.
NatWest Group Increases Dividend
The firm also recently declared a semi-annual dividend, which was paid on Monday, April 28th. Investors of record on Friday, March 14th were issued a $0.3899 dividend. This is an increase from NatWest Group's previous semi-annual dividend of $0.36. The ex-dividend date of this dividend was Friday, March 14th. This represents a dividend yield of 3.8%. NatWest Group's dividend payout ratio (DPR) is presently 51.68%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. BNP Paribas cut shares of NatWest Group from an "outperform" rating to a "neutral" rating in a research note on Tuesday, March 4th. Peel Hunt downgraded NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. Finally, Citigroup restated a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy".
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About NatWest Group
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NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.
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