Arbuthnot Banking Group (LON:ARBB) stock breaks below the 200-day moving average of $916.75

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Arbuthnot Banking Group PLC (LON:ARBBGet a rating) broke below its 200-day moving average during Friday’s session. The stock has a 200-day moving average of 916.75 GBX ($11.23) and is trading as low as 891 GBX ($10.92). Arbuthnot Banking Group shares last traded at 907.50 GBX ($11.12), with a volume of 1,635 shares traded.

Analyst upgrades and downgrades

Separately, Shore Capital reaffirmed a “real estate stock” rating on Arbuthnot Banking Group shares in a Tuesday, July 19 research note.

Arbuthnot Banking Group shares up 1.4%

The company has a market cap of £136.33 million and a price to earnings ratio of 2,520.83. The company has a 50-day simple moving average of 878.44 GBX and a 200-day simple moving average of 916.75 GBX.

Arbuthnot Banking Group cuts its dividends

The company also recently announced a dividend, which will be paid on Friday, September 23. Shareholders of record on Thursday August 25 will receive a dividend of GBX 17 ($0.21). The ex-dividend date is Thursday, August 25. This represents a dividend yield of 2.03%. Arbuthnot Banking Group’s dividend payout ratio (DPR) is currently 105.56%.

About Arbuthnot Banking Group

(Get a rating)

Arbuthnot Banking Group PLC, together with its subsidiaries, provides private and commercial banking products and services in the United Kingdom. It operates through 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 Center segments.

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