SNB closes at highest price since November 2022

04/01/2024 Argaam Exclusive

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.

Today's increase brought the stock's three-month gains to around 20%. 

Market Data :

Open 33.05
Low 32.75
High 33.15
Previous Close 33.10
Change (3M) (11.13 %)
Change (6M) (3.53 %)
Market Value 196,500.00
Avg. Volume (3M) 5,644,862.80
Avg. Turnover (3M) 193,017,850.31
Avg. Transaction (3M) 4,775.92
Change(12M) (4.66 %)
YTD (15.27 %)

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 Split   60,000.00 33.99%
2020 Private Offering   44,780.00 49.27%
2018 Split   30,000.00 50.00%
2014 IPO   20,000.00 0.00%
2014 Split   20,000.00 33.33%
2007 Split   15,000.00 66.67%

Financial Performance :

Overview :

The bank was originally founded in 1939 and commenced business as a general partnership company under the name “Saleh and Abdulaziz Kaki and Salem Bin Mahfouz Company”. In 2011, the Saudi government acquired a 79.29% stake in the bank, through the Public Investment Fund (PIF) and General Organization for Social Insurance (GOSI). In 2021, Samba Financial Group was merged into the bank including all rights and assets of the group creating the largest bank in Saudi Arabia under The...


Financial Ratios :

Financial Ratio Current
Market Cap (M Riyal) 196,500.00
Shares Outstanding ((M)) 6,000.00
EPS ( Riyal) (TTM) 3.43
Book Value (BV) ( Riyal) (Latest announcement) 27.98
Adjusted P/E (Last12) 9.54
Price/book 1.17
Dividends Per Share ( Riyal) -
Dividend Yield (%) (Last Year) 5.34
Return on Average Assets (%) (TTM) 1.91
Return on Average Equity (%) (TTM) 12.83
EPS Diluted ( Riyal) 3.34
Par Value ( Riyal) 10.00


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 -

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