Arbuthnot Banking Group (LON:ARBB) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Arbuthnot Banking Group PLC (LON:ARBB)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 905.95 ($12.05) and traded as high as GBX 935 ($12.44). Arbuthnot Banking Group shares last traded at GBX 935 ($12.44), with a volume of 3,148 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Arbuthnot Banking Group in a research report on Thursday, February 20th.

Arbuthnot Banking Group Stock Performance

The firm’s 50-day moving average price is GBX 905.95 and its two-hundred day moving average price is GBX 904.32. The firm has a market cap of £151.34 million, a PE ratio of 4.95, a P/E/G ratio of 0.38 and a beta of 1.00.

Arbuthnot Banking Group (LON:ARBB) last announced its quarterly earnings results on Thursday, March 27th. The company reported GBX 152.30 ($2.03) earnings per share for the quarter. Arbuthnot Banking Group had a net margin of 12.76% and a return on equity of 12.11%. As a group, sell-side analysts predict that Arbuthnot Banking Group PLC will post 169.2518248 earnings per share for the current fiscal year.

Arbuthnot Banking Group Increases Dividend

The company also recently declared a dividend, which was paid on Monday, May 5th. Investors of record on Thursday, May 1st were paid a dividend of GBX 69.75 ($0.93) per share. This represents a yield of 3.17%. The ex-dividend date of this dividend was Thursday, May 1st. This is an increase from Arbuthnot Banking Group’s previous dividend of $40.00. Arbuthnot Banking Group’s dividend payout ratio (DPR) is currently 24.87%.

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.