Brompton Split Banc (TSE:SBC) Hits New 12-Month High – Still a Buy?

Brompton Split Banc Corp. (TSE:SBC)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$16.30 and last traded at C$16.26, with a volume of 35985 shares traded. The stock had previously closed at C$15.99.

Brompton Split Banc Stock Performance

The business has a 50-day moving average of C$14.39 and a 200-day moving average of C$13.32. The stock has a market capitalization of C$525.50 million, a price-to-earnings ratio of 3.25 and a beta of 2.24. The company has a debt-to-equity ratio of 71.59, a quick ratio of 1.94 and a current ratio of 2.43.

About Brompton Split Banc

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential quarterly cash distributions and to return the original issue price to holders of Preferred Shares on the Maturity Date. The investment objectives for the Class A Shares are to provide their holders with regular monthly cash distributions targeted to be at least $0.10 per Class A Share representing a yield on the issue price of the Class A Shares offered hereunder of 13.2% per annum and to provide holders of Class A Shares with the opportunity for growth in NAV per Class A Share…