NCB share grows 10 times since 2014

NCB stock closed at $159.05 on Friday.

NCB Financial stock sold at a record $160 last week for a gain of 60 percent for the year to date. Added to this return, are dividend payments totaling $2.80. While investors are now enthused about the stock pushing to new heights, not so long ago they were not with it selling at just $17.
In November 2014, NCB shares were being sold at $17 on several days but the banking group was about to release record profits of $11.6 billion or earnings per share of $4.73, this compares to EPS of $3.49 in 2013. As late as November 2016, the shares were trading at $46 each, less than 10 times the 2014 profit per share. In just two years since, the stock gained 248 percent plus dividends paid and since late 2014, the capital appreciation is a staggering 941 percent. The truth is that the group is not finished yet delivering for investors. When they take majority ownership in Guardian Holdings investors should see major cost savings from rationalization and increased business with the expanded resources.

NCB Financial hits up on resistance at $160 & may find it difficult to break through to the next level at $200, 25% away.

Long term investors should hold on to their stocks for the big ride ahead to flow from acquisition and the impact that growth in the Jamaican economy will have on the operation.
The stock that traded at $160 this past week is currently trading around resistance level, if it breaks through meaningfully, the next major resistance is at $200 or 25 percent away from current price.

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