NatWest Group (OTCMKTS:RBSPF) Shares Gap Up Following Strong Earnings

NatWest Group PLC (OTCMKTS:RBSPF)’s share price gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $8.7850, but opened at $9.5150. NatWest Group shares last traded at $9.24, with a volume of 551 shares traded.

The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. NatWest Group had a net margin of 19.11% and a return on equity of 13.30%.

Analyst Upgrades and Downgrades

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

NatWest Group Stock Up 5.2%

The company has a market cap of $74.06 billion, a P/E ratio of 9.94 and a beta of 0.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The firm’s 50 day moving average price is $8.52 and its 200-day moving average price is $8.26.

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.