NatWest Group (OTCMKTS:RBSPF) Stock Price Down 5.7% – Here’s What Happened

NatWest Group PLC (OTCMKTS:RBSPF)’s stock price fell 5.7% during mid-day trading on Monday. The stock traded as low as $8.3075 and last traded at $8.3075. Approximately 4,013 shares were traded during mid-day trading, a decline of 83% from the average session volume of 23,333 shares. The stock had previously closed at $8.8050.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised NatWest Group from a “hold” rating to a “moderate buy” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, NatWest Group presently has an average rating of “Buy”.

NatWest Group Price Performance

The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average is $9.10 and its two-hundred day moving average is $8.63. The stock has a market cap of $69.17 billion, a price-to-earnings ratio of 8.53 and a beta of 0.95.

NatWest Group (OTCMKTS:RBSPF) last announced its earnings results on Friday, July 31st. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%. The company had revenue of $5.97 billion for the quarter, compared to analyst estimates of $5.83 billion.

NatWest Group Company Profile

NatWest Group plc is a United Kingdom-based banking and financial services group formerly known as The Royal Bank of Scotland Group. The group serves individuals, families, businesses and institutions through brands including NatWest, Royal Bank of Scotland and Ulster Bank in Northern Ireland.

Its personal banking activities include current and savings accounts, mortgages, credit cards, personal loans, insurance and digital banking services. NatWest also provides private banking and wealth management services, while its business and commercial banking operations offer lending, payments, cash management, trade finance and other financial services to small businesses, mid-sized companies, large corporations and institutional clients.

NatWest Group primarily serves customers in the United Kingdom, with operations and services focused on the country’s retail, commercial and institutional banking markets.