Life & Banc Split (TSE:LBS) Hits New 52-Week High – Still a Buy?

Life & Banc Split Corp. (TSE:LBS) shares 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 Price 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 stock has a market cap of C$441.73 million, a P/E ratio of 18.67 and a beta of 1.83. The company’s fifty day simple moving average is C$8.74 and its 200-day simple moving average is C$8.06.

Life & Banc Split Dividend Announcement

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

Insiders Place Their Bets

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 shares were sold at an average price of C$10.62, for a total transaction of C$52,038.00.

Life & Banc Split Company Profile

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.