NatWest Group (OTCMKTS:RBSPF – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04, Zacks reports. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%. The firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $5.83 billion.
NatWest Group Stock Up 2.2%
NatWest Group stock opened at $9.49 on Friday. NatWest Group has a fifty-two week low of $6.70 and a fifty-two week high of $9.71. The firm has a market capitalization of $76.06 billion, a price-to-earnings ratio of 9.49 and a beta of 0.98. The stock’s fifty day moving average is $8.55 and its two-hundred day moving average is $8.27. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04.
Analyst Ratings Changes
Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, NatWest Group presently has a consensus rating of “Buy”.
NatWest Group Company Profile
NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.
NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.
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