Arbuthnot Banking Group (LON:ARBB) Reaches New 52-Week Low – Here’s What Happened

Arbuthnot Banking Group PLC (LON:ARBB) hit 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. The stock had previously closed at GBX 800.

Analysts Set New Price Targets

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

Arbuthnot Banking Group Price Performance

The stock’s fifty day moving average is GBX 804.08 and its 200-day moving average is GBX 830.87. The stock has a market capitalization of £129.74 million, a PE ratio of 6.82, a P/E/G 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 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%. On average, analysts forecast that Arbuthnot Banking Group PLC will post 169.25 EPS for the current year.

Insider Activity

In related news, insider Henry Angest purchased 20,000 shares of Arbuthnot Banking Group stock in a transaction dated Tuesday, September 29th. The shares were acquired at an average price of GBX 801 per share, for a total transaction of £160,200. 61.22% of the stock is owned by company 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.