Arbuthnot Banking Group (LON:ARBB) Reaches New 52-Week High After Dividend Announcement

Arbuthnot Banking Group PLC (LON:ARBB – Get Free Report) shares reached a new 52-week high on Tuesday following a dividend announcement from the company. The company traded as high as GBX 1,150 ($15.04) and last traded at GBX 1,100 ($14.38), with a volume of 13983 shares traded. The stock had previously closed at GBX 947.50 ($12.39).

The newly announced dividend which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be issued a GBX 19 ($0.25) dividend. The ex-dividend date is Thursday, August 24th. This represents a yield of 2.01%. Arbuthnot Banking Group’s dividend payout ratio (DPR) is 3,818.18%.

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Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of Arbuthnot Banking Group in a report on Wednesday, May 24th.

Arbuthnot Banking Group Trading Up 12.9 %

The stock has a 50 day simple moving average of GBX 939.88 and a 200-day simple moving average of GBX 922.82. The firm has a market capitalization of £173.23 million, a P/E ratio of 972.73, a P/E/G ratio of 0.38 and a beta of 0.99.

Insider Activity at Arbuthnot Banking Group

In related news, insider Andrew Salmon sold 2,068 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of GBX 935 ($12.23), for a total transaction of £19,335.80 ($25,282.17). 63.01% of the stock is currently owned by corporate insiders.

Arbuthnot Banking Group Company Profile

(Get Free Report)

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.

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