Canadian Banc (TSE:BK) Stock Crosses Below Two Hundred Day Moving Average of $12.17

Canadian Banc Corp. (TSE:BK)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.17 and traded as low as C$10.06. Canadian Banc shares last traded at C$10.17, with a volume of 94,906 shares.

Canadian Banc Stock Up 0.9 %

The firm has a market cap of C$225.44 million, a price-to-earnings ratio of -26.15 and a beta of 1.35. The firm has a 50-day moving average of C$10.48 and a two-hundred day moving average of C$12.14. The company has a current ratio of 2.09, a quick ratio of 2.23 and a debt-to-equity ratio of 87.38.

Canadian Banc Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, September 8th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 19.39%. Canadian Banc’s dividend payout ratio (DPR) is presently -502.56%.

Canadian Banc Company Profile

Canadian Banc Corp. is a close-ended equity mutual fund launched by Quadravest Inc The fund is managed by Quadravest Capital Management Inc It invests in the public equity markets of Canada. The fund invests in stocks of companies engaged in the banking sector. It benchmarks the performance of its portfolio against the S&P TSX Financial Index.