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SNB closes at highest price since November 2022
04/01/2024
Argaam Exclusive
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Saudi National Bank (SNB) stock rose today, Jan. 4, by more than 7% to SAR 42.75, notching its highest close since November 2022. Nearly 15.5 million shares were traded.
| Year High (SAR) | Year Low (SAR) |
| 42.75 | 29.67 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 61.20 | 15.92 |
Today's increase brought the stock's three-month gains to around 20%.
Market Data :
| Open | 40.92 |
| Low | 40.92 |
| High | 41.60 |
| Previous Close | 41.00 |
| Change (3M) | 3.17 % |
| Change (6M) | 12.43 % |
| Market Value | 249,600.00 |
| Avg. Volume (3M) | 4,987,674.16 |
| Avg. Turnover (3M) | 203,016,722.19 |
| Avg. Transaction (3M) | 5,931.55 |
| Change(12M) | 21.11 % |
| YTD | 9.82 % |
The bank has made several capital adjustments, including merging with Samba Financial Group, since listing on Tadawul, as indicated below:
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2023 | Bonus Shares | 60,000.00 | 33.99% |
| 2020 | Private Offering | 44,780.00 | 49.27% |
| 2018 | Bonus Shares | 30,000.00 | 50.00% |
| 2014 | IPO | 20,000.00 | 0.00% |
| 2014 | Bonus Shares | 20,000.00 | 33.33% |
| 2007 | Bonus Shares | 15,000.00 | 66.67% |
Financial Performance :
Overview :
Established in 1939 in Jeddah as a currency exchange office, the institution evolved into a general partnership in 1950 under the name Saleh and Abdulaziz Kaki and Salem Bin Mahfouz Company and was officially renamed the National Commercial Bank in 1955. Following its conversion to a Saudi joint-stock company in 1997, the firm was listed on the Main Market (TASI) in late 2014. In 2021, the organization adopted its current name, the Saudi National Bank (SNB), following a strategic merger with Sam...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 249,600.25 |
| Shares Outstanding ((M)) | 6,000.00 |
| Recurring EPS ( Riyal) (TTM) | 4.24 |
| Book Value (BV) ( Riyal) (Latest announcement) | 31.83 |
| Recurring P/E (TTM) | 9.82 |
| Price/book | 1.31 |
| Dividends Per Share ( ) | - |
| Dividend Yield (%) (Last Year) | 5.17 |
| Return on Average Assets (%) (TTM) | 2.12 |
| Return on Average Equity (%) (TTM) | 13.99 |
| EPS Diluted ( Riyal) | 4.11 |
| Par Value ( Riyal) | 10.00 |
Calendar :
-
11 January
General Assembly
- -
14 February
Conferences
- -
01 May
Ex-dividend Date
- -
01 May
General Assembly
- -
14 May
Conferences
- -
14 May
Cash Dividend Distribution
-
Analyst Estimates :
46
Fair Average Price
5
Number of Recommendations
| Rating | Research firm | Current Price | Target Price | Change | |
| Buy | Sico | 34.30 | 45.00 | 31.20 % | |
| Buy | FAB Securities | 34.30 | 47.00 | 37.03 % | |
| Overweight | GIB Capital | 34.80 | 47.00 | 35.06 % | |
| Buy | Riyad Capital | 35.95 | 45.00 | 25.17 % | |
| Under Review | U-Capital | 32.00 | - |
Call Request
Comments Analysis: