Arbuthnot Banking Group (LON:ARBB) Shares Pass Below 200-Day Moving Average of $1,019.90

Arbuthnot Banking Group PLC (LON:ARBBGet Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,019.90 ($13.07) and traded as low as GBX 958.90 ($12.29). Arbuthnot Banking Group shares last traded at GBX 962.50 ($12.33), with a volume of 471 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Arbuthnot Banking Group in a research report on Thursday, May 30th.

Read Our Latest Research Report on ARBB

Arbuthnot Banking Group Stock Performance

The stock’s 50-day moving average price is GBX 1,030.44 and its two-hundred day moving average price is GBX 1,019.90. The stock has a market capitalization of £155.83 million, a PE ratio of 431.61, a P/E/G ratio of 0.38 and a beta of 0.94.

Arbuthnot Banking Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a dividend of GBX 40 ($0.51) per share. The ex-dividend date is Thursday, June 6th. This represents a yield of 4.22%. This is a positive change from Arbuthnot Banking Group’s previous dividend of $27.00. Arbuthnot Banking Group’s payout ratio is presently 2,062.78%.

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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