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

NatWest Group (OTCMKTS:RBSPF) issued its quarterly earnings results on Friday. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 Price Performance

Shares of OTCMKTS:RBSPF traded up $0.20 on Friday, reaching $9.49. 4,624 shares of the company were exchanged, compared to its average volume of 18,112. The company has a 50-day moving average of $8.52 and a 200-day moving average of $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. The firm has a market cap of $76.06 billion, a price-to-earnings ratio of 10.20 and a beta of 0.98. NatWest Group has a 1-year low of $6.70 and a 1-year high of $9.71.

Analyst Ratings Changes

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