Vanquis Banking Group (LON:VANQ) Insider Buys £38,250 in Stock

Vanquis Banking Group plc (LON:VANQ) insider Dave Watts bought 45,000 shares of the stock in a transaction dated Thursday, July 30th. The shares were purchased at an average price of GBX 85 per share, with a total value of £38,250.

Dave Watts also recently made the following trade(s):

• On Tuesday, July 14th, Dave Watts purchased 132 shares of Vanquis Banking Group stock. The stock was acquired at an average price of GBX 114 per share, for a total transaction of £150.48.
• On Monday, June 15th, Dave Watts purchased 133 shares of Vanquis Banking Group stock. The shares were acquired at an average cost of GBX 113 per share, for a total transaction of £150.29.
• On Thursday, May 14th, Dave Watts acquired 129 shares of Vanquis Banking Group stock. The shares were acquired at an average price of GBX 116 per share, with a total value of £149.64.

Vanquis Banking Group Stock Down 8.7%

VANQ stock opened at GBX 77.90 on Friday. The firm has a market capitalization of £195.01 million, a P/E ratio of 25.13 and a beta of 1.23. Vanquis Banking Group plc has a 52 week low of GBX 77.90 and a 52 week high of GBX 132. The company has a fifty day simple moving average of GBX 112.75 and a two-hundred day simple moving average of GBX 114.68.

Vanquis Banking Group (LON:VANQ) last posted its quarterly earnings data on Thursday, July 30th. The company reported GBX 1.80 EPS for the quarter. Vanquis Banking Group had a return on equity of 2.20% and a net margin of 1.71%. As a group, analysts anticipate that Vanquis Banking Group plc will post 4.1557331 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Berenberg Bank cut their price objective on shares of Vanquis Banking Group from GBX 165 to GBX 145 and set a “buy” rating for the company in a research report on Thursday. Shore Capital Group restated a “buy” rating on shares of Vanquis Banking Group in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 142.50.

Key Stories Impacting Vanquis Banking Group

Here are the key news stories impacting Vanquis Banking Group this week:

• Positive Sentiment: Insider Dave Watts purchased 45,000 VANQ shares at GBX 85, investing £38,250. The purchase may signal confidence that the recent sell-off has created value, although its size is modest relative to the company. Dave Watts Acquires 45,000 Shares of Vanquis Banking Group Stock
• Positive Sentiment: Vanquis reported higher interim profit, with its transformation program generating cost savings. This provides evidence that efficiency measures are supporting earnings even as customer activity remains subdued. Vanquis Banking Group Reports Higher Interim Profit as Transformation Delivers Savings
• Positive Sentiment: Analysts still broadly rate Vanquis as a “Buy.” Berenberg reduced its target price from GBX 165 to GBX 145 but retained its Buy rating; the analyst consensus target remains GBX 142.50. Berenberg cuts Vanquis price target but retains Buy rating
• Neutral Sentiment: Vanquis reported quarterly EPS of GBX 1.80, while return on equity was 1.89% and net margin was 1.87%. The results show positive earnings but relatively weak profitability, leaving investors focused on the pace of improvement.
• Negative Sentiment: The company pushed back its return-on-tangible-equity targets again. Repeated delays undermine confidence in management’s timetable for reaching its profitability objectives and were the main catalyst for the sell-off. Vanquis Banking pushes back ROTE targets again
• Negative Sentiment: Cautious consumers are cutting back on credit-card spending. Lower borrowing demand could constrain revenue growth, while the broader pressure on household finances raises concerns about credit quality and future impairments. Cautious consumer behaviour affects Vanquis shares

About Vanquis Banking Group

We’re Vanquis Banking Group plc, an FTSE All Share company and a leading specialist bank, established in 1880. We lend responsibly, providing tailored products and services to 1.75 million UK customers through Vanquis, Moneybarn, and Snoop.

https://www.vanquisbankinggroup.com/shareholder-hub/investment-case/