Arbuthnot Banking Group (LON:ARBB) Reaches New 12-Month High – Here’s Why

Arbuthnot Banking Group PLC (LON:ARBB) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 900 and last traded at GBX 830, with a volume of 16682 shares trading hands. The stock had previously closed at GBX 840.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Arbuthnot Banking Group in a research note on Tuesday, July 21st.

Arbuthnot Banking Group Stock Performance

The firm has a market cap of £135.46 million, a price-to-earnings ratio of 7.61, a PEG ratio of 0.38 and a beta of 0.46. The business’s 50 day moving average price is GBX 831.04 and its 200 day moving average price is GBX 856.67.

Arbuthnot Banking Group (LON:ARBB) last announced its quarterly earnings results on Tuesday, July 21st. The company reported GBX 49.90 earnings per share (EPS) for the quarter. Arbuthnot Banking Group had a net margin of 6.41% and a return on equity of 6.84%. Sell-side analysts anticipate that Arbuthnot Banking Group PLC will post 169.2518248 earnings per share for the current fiscal year.

About Arbuthnot Banking Group

Arbuthnot Banking Group PLC, together with its subsidiaries, provides private and commercial banking products and services in the United Kingdom. It operates through nine segments: Banking, Wealth Management, Mortgage Portfolios, Renaissance Asset Finance, Arbuthnot Commercial Asset Based Lending, Arbuthnot Specialist Finance Limited, Asset Alliance Group, All Other Divisions, and Group Centre segments. The company offers private and commercial banking services, including current and deposit accounts, loans, overdrafts, guarantees, and foreign exchange; financial planning; investment and asset management; asset finance funding; property finance; asset based lending, deposits, and specialist finance; and other finance.