Arbuthnot Banking Group (LON:ARBB) Stock Price Crosses Below Two Hundred Day Moving Average of $1,018.34

Shares of Arbuthnot Banking Group PLC (LON:ARBB) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,018.34 ($12.88) and traded as low as GBX 975.52 ($12.34). Arbuthnot Banking Group shares last traded at GBX 992.50 ($12.55), with a volume of 247 shares trading 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.

Arbuthnot Banking Group Trading Down 3.5 %

The firm has a market cap of £155.42 million, a PE ratio of 446.19, a P/E/G ratio of 0.38 and a beta of 0.94. The company’s 50-day moving average is GBX 986.15 and its 200 day moving average is GBX 1,018.06.

Arbuthnot Banking Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a GBX 40 ($0.51) dividend. This is an increase from Arbuthnot Banking Group’s previous dividend of $27.00. The ex-dividend date was Thursday, June 6th. This represents a yield of 4.22%. Arbuthnot Banking Group’s dividend payout ratio is presently 2,062.78%.

About Arbuthnot Banking Group

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.