Life & Banc Split (TSE:LBS) Hits New 12-Month High – Time to Buy?

Posted by Kyle Jackson on Nov 16th, 2024

Life & Banc Split Corp. (TSE:LBS – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$9.19 and last traded at C$9.15, with a volume of 54637 shares traded. The stock had previously closed at C$9.12.

Life & Banc Split Price Performance

The stock’s 50 day moving average is C$8.55 and its two-hundred day moving average is C$7.98. The stock has a market capitalization of C$422.08 million, a PE ratio of 17.77 and a beta of 1.83. The company has a debt-to-equity ratio of 147.51, a current ratio of 1.66 and a quick ratio of 1.69.

Life & Banc Split Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.99%. The ex-dividend date of this dividend was Friday, August 30th. Life & Banc Split’s dividend payout ratio is presently 230.77%.

Insider Transactions at Life & Banc Split

In other news, Senior Officer Laura Wing-Sze Lau sold 4,900 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of C$10.62, for a total transaction of C$52,038.00.

Life & Banc Split Company Profile

(Get Free Report)

Life & Banc Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. The fund invests in the public equity markets of Canada. It seeks to invest in stocks of companies operating across banking and life insurance sector. The fund primarily invests in the stocks of the six largest banks of the country, as well as of life insurance companies, utilizing a split share structure on a low cost basis.