Olympia Financial Group (TSE:OLY) Reaches New 1-Year Low - Here's Why

Key Points

• Olympia Financial Group shares fell to a new 52-week low, trading as low as C$86.95 before closing at C$88.75, well below its 50-day and 200-day moving averages.
• Despite the decline, the company maintains a “Buy” consensus rating with a C$166.48 price target, implying substantial upside from the reported share price.
• Olympia reported C$1.53 in quarterly EPS on C$21.43 million in revenue and declared a monthly C$0.50 dividend, representing a 6.8% annualized yield; however, its payout ratio is high at 92.11%.

Olympia Financial Group Inc. (TSE:OLY - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$86.95 and last traded at C$88.75, with a volume of 5062 shares changing hands. The stock had previously closed at C$91.50.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$166.48 price target on shares of Olympia Financial Group and gave the company a "buy" rating in a research report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$166.48.

Olympia Financial Group Price Performance

The company has a fifty day simple moving average of C$103.11 and a 200 day simple moving average of C$111.68. The stock has a market capitalization of C$213.53 million, a price-to-earnings ratio of 11.68 and a beta of 0.11. The company has a debt-to-equity ratio of 22.31, a quick ratio of 1.59 and a current ratio of 57.49.

Olympia Financial Group (TSE:OLY - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The health services provider reported C$1.53 earnings per share for the quarter. The company had revenue of C$21.43 million during the quarter. Olympia Financial Group had a return on equity of 35.11% and a net margin of 17.31%. Equities research analysts forecast that Olympia Financial Group Inc. will post 3.06 EPS for the current fiscal year.

Olympia Financial Group Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 31st were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, August 20th. This represents a c) annualized dividend and a yield of 6.8%. Olympia Financial Group's dividend payout ratio (DPR) is presently 92.11%.

Insider Activity

In other news, Director Brian Ross Newman sold 500 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of C$103.50, for a total value of C$51,750.00. Following the transaction, the director owned 300 shares in the company, valued at approximately C$31,050. The trade was a 62.50% decrease in their position. In the last 90 days, insiders have sold 1,000 shares of company stock valued at $103,800. 34.63% of the stock is currently owned by insiders.

Olympia Financial Group Company Profile

Olympia Financial Group Inc ("OFGI") conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, corporate trust, and transfer agency services. OFGI also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc, and offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc OFGI's common shares are listed on the Toronto Stock Exchange under the symbol "OLY".

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