Life & Banc Split (TSE:LBS) Reaches New 52-Week High – Time to Buy?

Life & Banc Split Corp. (TSE:LBS)’s stock price hit a new 52-week high on Friday . The stock traded as high as C$8.94 and last traded at C$8.94, with a volume of 137686 shares. The stock had previously closed at C$8.83.

Life & Banc Split Stock Performance

The company has a current ratio of 1.66, a quick ratio of 1.69 and a debt-to-equity ratio of 147.51. The firm’s fifty day moving average price is C$8.41 and its 200-day moving average price is C$7.93. The firm has a market cap of C$408.38 million, a price-to-earnings ratio of 17.19 and a beta of 1.83.

Life & Banc Split Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 16th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.20 annualized dividend and a yield of 13.42%. Life & Banc Split’s dividend payout ratio is presently 230.77%.

Insider Transactions at Life & Banc Split

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

About Life & Banc Split

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.