Arbuthnot Banking Group (LON:ARBB) Reaches New 1-Year Low – Time to Sell?

Arbuthnot Banking Group PLC (LON:ARBB – Get Free Report)’s stock price hit a new 52-week low during trading on Monday. The company traded as low as GBX 600 and last traded at GBX 795, with a volume of 3,939 shares trading hands. The stock had previously closed at GBX 800.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on Arbuthnot Banking Group

Arbuthnot Banking Group Trading Down 0.6%

The stock has a market capitalization of £129.74 million, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 0.38 and a beta of 0.45. The firm has a 50-day moving average of GBX 804.08 and a 200 day moving average of GBX 830.87.

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

Insider Buying and Selling

In other news, insider Henry Angest purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was purchased at an average cost of GBX 801 per share, with a total value of £160,200. 61.22% of the stock is currently owned by insiders.

About Arbuthnot Banking Group

(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. 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.

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