With the current market rally, most companies quoted on the floor of the Nigerian Stock Exchange (NSE) are witnessing, Access Bank Plc’s shares price has increased by 70.4 per cent year to date.
The bank, which reported 2016 earnings of 2.46 per share last March, opened the year at N5.87 per share and closed N9.90 per share on Exchange on July 14, 2017.
Analysis of the bank’s share showed that investors staked 64.01 million shares of the lender on June 14, 2017 as its share price rose to N10, from N4.00 a year ago. In July 11, 2017, its share price increased by over 1.25 per cent to N9.70, while market capitalization stood at N286.39billion.
Year-on-year, growth in dividends per share increased 18.18 per cent, while earnings per share excluding extraordinary items fell by 7.23 per cent. The bank’s net income for the last five years was N39.52billion in 2012, N36.1billion in 2013, N42.4billion in 2014, N65.3billion in 2015 and N71.12billion in 2016.
The bank total assets stood at N3.48trillion in 2016, N2.59trillion in 2015 and N2.10 trillion in 2014. Additionally, when measured on a five year annualized basis, both dividend per share and earnings per share growth ranked in-line with the industry average relative to its peers.
While presenting the first quarter result, Mr. Herbert Wigwe, the bank’s Group Managing Director, said that 2017 marked the end of its third five-year transformation journey. He said the lender would, in the coming months; focus on its strategic objective of improving profitability.