Arbuthnot Banking Group (LON:ARBB) Hits New 1-Year Low – What’s Next?

Arbuthnot Banking Group PLC (LON:ARBB) shares reached a new 52-week low on Monday. The stock traded as low as GBX 600 and last traded at GBX 795, with a volume of 3,939 shares traded. The stock had previously closed at GBX 800.

Wall Street Analysts Forecast Growth

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

Arbuthnot Banking Group Trading Down 0.1%

The stock’s 50-day simple moving average is GBX 802.78 and its 200-day simple moving average is GBX 829.81. The stock has a market cap of £130.07 million, a price-to-earnings ratio of 6.84, a price-to-earnings-growth ratio of 0.38 and a beta of 0.45.

Arbuthnot Banking Group (LON:ARBB) last issued its quarterly earnings results on Tuesday, July 21st. The company reported GBX 49.90 EPS for the quarter. Arbuthnot Banking Group had a return on equity of 6.84% and a net margin of 6.41%. On average, equities research analysts forecast that Arbuthnot Banking Group PLC will post 169.25 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Henry Angest bought 20,000 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was acquired at an average price of GBX 801 per share, with a total value of £160,200. 61.22% of the stock is owned by insiders.

Arbuthnot Banking Group Company Profile

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.