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Stanbic Holdings Plc (NSE: SBIC)

Nigel Firth
Nigel Frith trader
Updated 29 May 2024

What is Stanbic Holdings Plc

Stanbic Holdings Plc is a company based in Kenya that offers a variety of financial services, acts as insurance agency and stock broking company, and provides products and services to the personal, commercial, corporate and investment banking sectors.

Stanbic Holdings Plc is a holding company and is actively engaged in the banking sector with activities structured into three business segments: Corporate and Investment Banking (CIB) provides commercial and investment financial services, Personal and Business Banking (PBB) provides banking services to individual customers and small to medium sized enterprises and Financial Services provides stock broking and equity research to customers.

The history of Stanbic Holdings Plc shows that it was first listed on 1 January 2008. Stanbic Holdings Plc was formerly known as CfC Stanbic Holdings Limited and changed its name to Stanbic Holdings Plc in October 2016.

Stanbic Holdings Plc has its head offices in Nairobi, Kenya and is a subsidiary of Stanbic Africa Holdings Limited.

Today, Stanbic Holdings Plc has a diversified portfolio in more sectors of the financial services value chain which includes a division that services clients in the nearby Republic of South Sudan.

Stanbic Holdings Plc provides services including spot and forward foreign exchange transactions, cross currency swaps and deals, fixed income securities, fixed income securities, corporate bonds, structured treasury products and money market products. Its trade finance services include letters of credit, documentary and clean collections, negotiation of export bills, suppliers credit financing and bank guarantees.

Stanbic Holdings Plc’s equity stocks are for sale online on the Nairobi Securities Exchange (NSE) under the stock symbol SBIC.

Stanbic Holdings Plc forms part of the Banking Industry and Financial Sector.

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Stanbic Holdings Plc

Stanbic Holdings Plc Stock Performance

The current price for Stanbic Holdings Plc stocks is 91.00 KES. The company has a total market capitalization of 35,282,456,192 billion KES, with a P /E ratio of 6.93 and earnings per share of 13.13 KES. A total of 395 million shares are outstanding.

When Stanbic Holdings Plc closed its trading day on Friday 10 September 2021 at 89.25 KES per share on the Nairobi Securities Exchange (NSE), it experienced a 1.4% drop from its previous closing price of 90.50 KES.

In an analysis of financial data, Stanbic Holdings Plc showed that profits before tax were slightly up, indicating a growth for the company and investors.

Financial results indicated that Stanbic Holdings Plc experienced an increase of earnings per share and steady profits within the period, therefore investors who want to buy or sell Stanbic Holdings Plc stocks can look forward to profitable dividends and earnings in years to come.

According to an analysis on the live chart of Stanbic Holdings Plc, analysts forecast further improvement in performance for the Financial sector with market share to grow as trading volumes may increase.

Highlights of Stanbic Holdings Plc in 2021

Stanbic Holdings Plc opened the year with a share price of 85.00 KES, and it has gained 5 % in value on the price valuation, ranking 30th on the NSE with its year-to-date performance.

Stanbic Holdings Plc was the 44th most traded stock on the Nairobi Securities Exchange over the previous three month period from June to September 2021. During that time SBIC has traded a total volume of 195 200 shares in a total of 137 deals, which was valued at KES 18.3 million over the period, with an average of 3 098 traded shares per session. A volume high of 43 900 was achieved on 6 August in the same period.

Financial information regarding Stanbic Holdings Plc shows that the company experienced a 52 week high on its stock price of 95.25 KES and a 52 week low price of 74.00 KES. Over the 52 week period, the change was 9.85%. For the Year to date, the stock price increased with 5.00%.

How to buy Stanbic Holdings Plc stocks – Step by Step

The stock market is still one of the most popular financial markets that attracts millions of retail investors and participating traders daily. To buy, sell or trade Stanbic Holdings Plc stocks, traders and investors should follow a few easy steps:

  • Select a forex broker that offers access to the Nairobi Securities Exchange (NSE).
  • Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading
  • Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading
  • Find the symbol of the share that you want to buy, in this case, ” SBIC”.
  • You can start by making your first share purchase through the broker.
  • You can now continue to buy more shares to build and diversify your portfolio.

FAQs

The Nairobi Securities Exchange was established in 1954 as the Nairobi Stock Exchange, based in Nairobi, the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in British Kenya.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.