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Standard Chartered (OTCMKTS:SCBFF) Shares Down 0.6% - Here's What Happened

Standard Chartered logo with Finance background

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) shares fell 0.6% during trading on Tuesday . The company traded as low as $15.31 and last traded at $15.31. 629 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 33,200 shares. The stock had previously closed at $15.41.

Standard Chartered Trading Up 0.9%

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.48. The firm has a market cap of $38.75 billion, a PE ratio of 14.22 and a beta of 0.67. The business has a fifty day moving average price of $14.14 and a 200 day moving average price of $13.56.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Standard Chartered had a return on equity of 8.80% and a net margin of 8.56%. The firm had revenue of $5.39 billion during the quarter, compared to the consensus estimate of $5.07 billion. Analysts forecast that Standard Chartered PLC will post 1.66 EPS for the current year.

Standard Chartered Increases Dividend

The business also recently announced a dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, March 28th were issued a $0.28 dividend. This is a boost from Standard Chartered's previous dividend of $0.09. The ex-dividend date of this dividend was Thursday, March 27th. Standard Chartered's dividend payout ratio is presently 38.10%.

About Standard Chartered

(Get Free Report)

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.

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