TSE:BKCanadian Banc Stock Price, Forecast & News

C$7.09

+0.29 (+4.26 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

C$6.99

Now: C$7.09▼

C$7.30

50-Day Range

C$5.20

MA: C$6.11▼

C$6.83

52-Week Range

C$4.98

Now: C$7.09▼

C$10.99

Volume47,540 shs

Average Volume32,518 shs

Market CapitalizationC$78.64 million

P/E Ratio5.05

Dividend Yield9.91%

BetaN/A

Canadian Banc Corp. is a close-ended equity mutual fund launched by Quadravest Inc. The fund is managed by Quadravest Capital Management Inc. It invests in the public equity markets of Canada. The fund invests in stocks of companies engaged in the banking sector. It benchmarks the performance of its portfolio against the S&P TSX Financial Index. The fund was formerly known as Canadian Banc Recovery Corp. Canadian Banc Corp. was formed on May 25, 2005 and is domiciled in Canada.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Canadian Banc.

2.2 Community Rank

Outperform Votes
Canadian Banc has received 64 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Canadian Banc has received 82 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Canadian Banc has received 56.16% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Canadian Banc and other stocks. Vote “Outperform” if you believe BK will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BK will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Canadian Banc is a leading dividend payer. It pays a dividend yield of 9.91%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Canadian Banc does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Canadian Banc is 75.49 %. Payout ratios above 75% are not desirable because they may not be sustainable.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Banc insiders have not sold or bought any company stock.

1.9 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Banc is 5.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.41.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Banc is 5.05, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 11.80.
Price to Book Value per Share Ratio
Canadian Banc has a P/B Ratio of 0.62. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.15 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry Asset Management

Sub-IndustryN/A

SectorFinancial Services

Current SymbolTSE:BK

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.quadravest.com

Phone+1-416-3044443

Debt

Debt-to-Equity Ratio88.00

Current Ratio2.11

Quick Ratio2.11

Price-To-Earnings

Trailing P/E Ratio5.05

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesC$24.82 million

Price / Sales3.17

Cash FlowC$24.35 per share

Price / Cash Flow0.29

Book ValueC$11.36 per share

Price / Book0.62

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

EmployeesN/A

Outstanding Shares11,092,000

Market CapC$78.64 million

Next Earnings DateN/A

OptionableOptionable

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Canadian Banc (TSE:BK) Frequently Asked Questions

How has Canadian Banc's stock been impacted by COVID-19 (Coronavirus)?

Canadian Banc's stock was trading at C$6.84 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BK stock has increased by 3.7% and is now trading at C$7.09. View which stocks have been most impacted by Coronavirus.

How often does Canadian Banc pay dividends? What is the dividend yield for Canadian Banc?

Canadian Banc announced a monthly dividend on Wednesday, October 30th. Stockholders of record on Friday, November 8th will be paid a dividend of 0.0883 per share on Friday, November 8th. This represents a $1.06 annualized dividend and a yield of 14.94%. The ex-dividend date is Wednesday, October 30th. View Canadian Banc's dividend history.

Has Canadian Banc been receiving favorable news coverage?

Media stories about BK stock have trended very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canadian Banc earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View the latest news aboutCanadian Banc.

Who are some of Canadian Banc's key competitors?

Some companies that are related to Canadian Banc include WAM Research (WAX), Aberdeen New Dawn Investment Trust (ABD), Baillie Gifford UK Growth Fund (BGUK), Urban Logistics Reit (SHED), CVC CRED/NPV VTG FPD (CCPG), JP Morgan Fleming Japanese Smaller Cos (JPS), Westaim (WED), CVC (CVC), Pacific Current Group (PAC), AMCIL (AMH), Auxly Cannabis Group (XLY), Aberdeen Emerging Markets Invstmt (AEMC), Templeton Global Growth Fund (TGG), Polar Capital Global Fincls Trust (PCFT) and JPMN ELEC/PAR 0.0000427188 (JPE). View all competitors.

What other stocks do shareholders of Canadian Banc own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Banc investors own include Corus Entertainment (CJR.B), Toronto-Dominion Bank (TD), WestJet Airlines (WJA), Asbury Automotive Group (ABG), Alaris Royalty (AD), Alliance Data Systems (ADS), Amplify Energy (AMPY), Amplify Energy (AMPY), Artisan Partners Asset Management (APAM) and Alibaba Group (BABA).

Who are Canadian Banc's key executives?

Canadian Banc's management team includes the following people:

Mr. Stephen Wayne Finch, Chairman, Chief Exec. Officer, Pres and Chief Investment Officer
Ms. Laura L. Johnson, Managing Director, Portfolio Mang., Sec. and Director
Mr. Peter F. Cruickshank, Portfolio Mang.

What is Canadian Banc's stock symbol?

Canadian Banc trades on the Toronto Stock Exchange (TSX) under the ticker symbol "BK."

How do I buy shares of Canadian Banc?

Shares of BK and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Canadian Banc's stock price today?

One share of BK stock can currently be purchased for approximately C$7.09.

How big of a company is Canadian Banc?

Canadian Banc has a market capitalization of C$78.64 million and generates C$24.82 million in revenue each year.

What is Canadian Banc's official website?

The official website for Canadian Banc is www.quadravest.com.

How can I contact Canadian Banc?

Canadian Banc's mailing address is 77 King Street West Suite 4500 Stn Toronto Dom PO Box 341, TORONTO, ON M5K 1K7, Canada. The company can be reached via phone at +1-416-3044443.

This page was last updated on 6/5/2020 by MarketBeat.com Staff