NatWest Group (OTCMKTS:RBSPF) Issues Quarterly Earnings Results

NatWest Group (OTCMKTS:RBSPF) announced its earnings results on Friday. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01, Zacks reports. NatWest Group had a net margin of 20.10% and a return on equity of 14.01%.

NatWest Group Trading Down 9.5%

OTCMKTS:RBSPF traded down $0.81 during trading hours on Friday, hitting $7.72. The company had a trading volume of 7,614 shares, compared to its average volume of 22,680. NatWest Group has a 1 year low of $6.75 and a 1 year high of $9.80. The company has a market cap of $61.88 billion, a P/E ratio of 7.72 and a beta of 0.95. The company has a 50-day moving average of $8.96 and a 200 day moving average of $8.52. The company has a current ratio of 1.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

Analyst Upgrades and Downgrades

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

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.