NatWest Group (OTCMKTS:RBSPF) Shares Gap Down – Here’s Why

NatWest Group PLC (OTCMKTS:RBSPF) shares gapped down prior to trading on Thursday . The stock had previously closed at $7.90, but opened at $7.22. NatWest Group shares last traded at $7.6250, with a volume of 5,285 shares.

NatWest Group Price Performance

The stock has a market capitalization of $59.85 billion, a P/E ratio of 8.49 and a beta of 0.94. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50-day moving average price of $8.54 and a 200 day moving average price of $7.98.

NatWest Group (OTCMKTS:RBSPF) last released its earnings results on Friday, February 13th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. NatWest Group had a return on equity of 13.05% and a net margin of 18.59%.The company had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.72 billion.

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.