NatWest Group (NYSE:NWG - Get Free Report) posted its earnings results on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.05, Zacks reports. The company had revenue of $5.30 billion during the quarter, compared to analyst estimates of $3.80 billion.
NatWest Group Stock Up 1.8 %
NWG stock traded up $0.23 during midday trading on Friday, reaching $13.25. The company had a trading volume of 11,305,702 shares, compared to its average volume of 3,420,321. The company has a 50 day moving average of $12.10 and a two-hundred day moving average of $10.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.16. NatWest Group has a 1 year low of $7.80 and a 1 year high of $13.30. The company has a market capitalization of $53.36 billion, a P/E ratio of 9.74, a PEG ratio of 0.85 and a beta of 1.01.
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 given a dividend of $0.3899 per share. This represents a yield of 3.8%. This is a positive change from NatWest Group's previous semi-annual dividend of $0.36. The ex-dividend date was Friday, March 14th. NatWest Group's payout ratio is presently 51.68%.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Peel Hunt cut NatWest Group from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, March 6th. BNP Paribas downgraded shares of NatWest Group from an "outperform" rating to a "neutral" rating in a report on Tuesday, March 4th. Finally, Citigroup restated a "buy" rating on shares of NatWest Group in a research note on Monday, April 28th. One investment 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy".
Check Out Our Latest Research Report on NatWest Group
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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