Life & Banc Split (TSE:LBS) Hits New 12-Month High – Here’s Why

Shares of Life & Banc Split Corp. (TSE:LBS) reached a new 52-week high on Tuesday . The company traded as high as C$9.71 and last traded at C$9.65, with a volume of 43394 shares. The stock had previously closed at C$9.71.

Life & Banc Split Trading Down 0.4 %

The business has a 50-day moving average price of C$8.74 and a two-hundred day moving average price of C$8.06. The company has a market cap of C$441.73 million, a P/E ratio of 18.67 and a beta of 1.83. The company has a quick ratio of 1.69, a current ratio of 1.66 and a debt-to-equity ratio of 147.51.

Life & Banc Split Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 16th were issued a $0.10 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.20 annualized dividend and a yield of 12.41%. Life & Banc Split’s dividend payout ratio is currently 230.77%.

Insiders Place Their Bets

In other 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.