Pinnacle Bancorp Inc. Takes $30,000 Position in NatWest Group plc (NYSE:NWG)

Pinnacle Bancorp Inc. purchased a new position in NatWest Group plc (NYSE:NWG) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,523 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC boosted its position in NatWest Group by 3.8% during the fourth quarter. Natixis Advisors LLC now owns 11,118,183 shares of the company’s stock worth $113,072,000 after purchasing an additional 408,239 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of NatWest Group by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,322,718 shares of the company’s stock worth $74,473,000 after buying an additional 216,053 shares in the last quarter. Bank of America Corp DE grew its stake in NatWest Group by 25.1% in the 4th quarter. Bank of America Corp DE now owns 4,712,296 shares of the company’s stock valued at $47,924,000 after acquiring an additional 944,464 shares during the last quarter. Northern Trust Corp increased its holdings in NatWest Group by 45.6% during the 4th quarter. Northern Trust Corp now owns 3,243,078 shares of the company’s stock valued at $32,982,000 after acquiring an additional 1,014,926 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in NatWest Group during the fourth quarter worth about $27,339,000. 1.27% of the stock is owned by hedge funds and other institutional investors.

NatWest Group Stock Down 1.2%

Shares of NYSE NWG opened at $13.84 on Thursday. The firm has a market cap of $55.74 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 0.83 and a beta of 1.04. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.06 and a current ratio of 1.06. NatWest Group plc has a 1 year low of $7.97 and a 1 year high of $14.55. The firm’s 50 day moving average price is $13.59 and its 200 day moving average price is $11.92.

NatWest Group (NYSE:NWG) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.05. The business had revenue of $5.30 billion for the quarter, compared to analyst estimates of $3.80 billion. As a group, sell-side analysts anticipate that NatWest Group plc will post 1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Citigroup reiterated a “buy” rating on shares of NatWest Group in a research report on Monday, April 28th. Peel Hunt cut NatWest Group from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 6th. Finally, BNP Paribas downgraded NatWest Group from an “outperform” rating to a “neutral” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

NatWest Group Company Profile

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments.