Earnings Alerts

Bank AlBilad (ALBI) Reports Impressive 1Q Earnings: Pretax Profit Reaches 716.9M Riyals

  • Bank AlBilad reported a pretax profit of 716.9 million riyals in the first quarter.
  • The Earnings per Share (EPS) stood at 0.65 riyals in the same period.
  • Among the market analysts, 1 recomends ‘buy’, 4 maintain a ‘hold’ stance, while 2 suggest ‘sell’ for the bank’s shares.

A look at Bank AlBilad Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth4
Resilience4
Momentum3
OVERALL SMART SCORE3.2

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

Bank AlBilad‘s long-term outlook, as indicated by the Smartkarma Smart Scores, shows a promising future ahead. With a solid Growth score of 4 and Resilience score of 4, the bank is positioned well for expansion and is equipped to weather potential economic challenges effectively. This suggests that Bank AlBilad is likely to experience sustainable growth over the long run.

Additionally, the Value score of 3 indicates that the company is trading at a fair market value, providing investors with a reasonable investment opportunity. With a Momentum score of 3, there is a good level of market interest and activity surrounding the bank, potentially signaling positive market perception. However, the lower Dividend score of 2 suggests that the bank may not be a high dividend-yielding investment, which is important for income-focused investors to consider.

Overall, Bank AlBilad‘s strong Growth and Resilience scores, coupled with fair Value and Momentum scores, paint a picture of a company with solid long-term prospects in the banking sector.


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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