NatWest Group (OTCMKTS:RBSPF) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

NatWest Group (OTCMKTS:RBSPF) posted its quarterly earnings data on Friday. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate 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%.

NatWest Group Trading Up 2.2%

Shares of RBSPF traded up $0.20 during mid-day trading on Friday, reaching $9.49. The company’s stock had a trading volume of 4,624 shares, compared to its average volume of 18,112. NatWest Group has a 52 week low of $6.70 and a 52 week high of $9.71. The stock has a market cap of $76.06 billion, a PE ratio of 10.20 and a beta of 0.98. The company’s fifty day moving average price is $8.52 and its two-hundred day moving average price is $8.26. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

Analysts Set New Price Targets

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

About NatWest Group

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.