Arbuthnot Banking Group (LON:ARBB) Hits New 52-Week Low – Here’s Why

Shares of Arbuthnot Banking Group PLC (LON:ARBB) reached a new 52-week low on Monday. The company traded as low as GBX 650 and last traded at GBX 815, with a volume of 5361 shares. The stock had previously closed at GBX 796.

Analysts Set New Price Targets

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

Arbuthnot Banking Group Stock Performance

The firm has a 50 day simple moving average of GBX 807.67 and a two-hundred day simple moving average of GBX 833.23. The stock has a market cap of £133.01 million, a P/E ratio of 7.00, a P/E/G ratio of 0.38 and a beta of 0.45.

Arbuthnot Banking Group (LON:ARBB) last released 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 return on equity of 6.84% and a net margin of 6.41%. As a group, equities research analysts predict that Arbuthnot Banking Group PLC will post 169.2518248 EPS for the current year.

Insiders Place Their Bets

In related news, insider Henry Angest bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was purchased at an average price of GBX 801 per share, for a total transaction of £160,200. 61.10% of the stock is owned by insiders.

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.