- Riyad Bank‘s 1Q profit was 2.07 billion riyals, witnessing a growth of 2.6% year-on-year, but it failed to meet the estimate of 2.12 billion riyals.
- The Earnings Per Share (EPS) stood at 0.66 riyals, slightly less than the estimated 0.67 riyals. This estimate was based on 2 predictions.
- The bank’s pretax profit for the first quarter was 2.31 billion riyals.
- In terms of investment recommendations, Riyad Bank has 9 buy ratings, 4 hold ratings, and 1 sell rating.
A look at Riyad Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts examining the Smartkarma Smart Scores for Riyad Bank paint a positive picture for the bank’s long-term future. With top ratings in both the Value and Dividend categories, Riyad Bank is seen as a solid choice for investors seeking stability and income. The Growth score, although not the highest, indicates promising potential for expansion and development within the bank’s operations. However, areas of concern lie in the Resilience and Momentum scores, suggesting some vulnerabilities and a moderate pace of positive movement for the bank.
Riyad Bank, a financial institution known for attracting deposits and providing a range of banking services, has been highlighted for its strong emphasis on value and dividends according to the Smartkarma Smart Scores. Offering diverse financial products such as loans, private banking, and asset management, the bank positions itself as a reliable option for investors looking for consistent returns. While there are some aspects where improvements could be made, such as resilience and momentum, Riyad Bank‘s overall profile remains appealing with its robust foundation in place.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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