Access Bank PLC Share Price and Investment Opportunities

Access Bank PLC is one of the largest banks in Nigeria, with a strong presence in the West African region. It has a market capitalization of over ₦1.2 trillion.

The bank's share price is listed on the Nigerian Stock Exchange (NSE) and has been steadily increasing over the years. Its shares are a popular investment choice among Nigerian investors.

To invest in Access Bank PLC, you can purchase its shares through a stockbroker or online trading platform. This requires a minimum investment of ₦100,000.

Access Bank PLC has a dividend yield of around 8%, making it an attractive option for income-seeking investors.

The price of Access Bank Plc shares can be a bit puzzling, but let's break it down. The Chairman of the Group, Aigboje Aig-Imoukhuede, believes the bank's strong earnings profile is a key factor in its share price.

He points out that the bank's annual earnings run rate matches the amount invested, which is a strong indicator. This means the bank won't need to seek additional capital that could dilute its earnings.

The bank's recent rights issue was essential to reward long-term investors who have supported the bank through difficult times. This shows the bank is poised to generate significant profits in the future.

The price-to-earnings (P/E) ratio of 1.15 for the issued share is notably lower compared to its industry peers.

So, you're wondering what Access Bank PLC is? It's a bank with a huge customer base, boasting over 30 million customers and more than 900,000 shareholders.

Access Bank PLC has a proven track record of growth over the past decade, serving a wide range of markets through its main business segments.

Here's a breakdown of its main business segments:

Access Bank PLC is listed on the Nigerian Stock Exchange (NGX) under the stock symbol ACCESS, and its equity stocks are available for sale online.

Access Bank's Chairman, Aigboje Aig-Imoukhuede, believes a strong earnings profile is a key indicator of a business's potential. He looks for annual earnings that match the amount invested.

In Access Bank's case, the annual earnings run rate matches the amount invested. This strong earnings profile shows significant earnings potential.

The bank's earnings per share of N17.23 in FY 2023 represents a 288% increase from N4.44 in 2022. This substantial increase suggests the bank is poised to generate significant profits in the future.

The price-to-earnings (P/E) ratio of 1.15 for Access Bank shares is notably lower compared to its industry peers. For instance, FBNH shares have a P/E ratio of 2.62, GTCO shares are at 2.36, UBA shares stand at 1.32, and Zenith Bank shares are at 1.74.

This disparity suggests that Access Bank shares trading in the market with a 1.12 P/E ratio may be significantly undervalued.

Access Bank has made only one investment, which was in BancABC as part of their Secondary Market on September 29, 2020. This investment is a notable aspect of their business operations.

Their investment portfolio is relatively small, with only one notable investment to date.

In a rights issue, the discount on the issued shares is generally more substantial than in a public offering. Companies like Fidelity Bank price their rights issue shares lower, for instance, at N9.25 compared to N9.75 for public offering shares.

Access Holdings recently announced a 105.76% oversubscription of their Rights Issue, which is a significant achievement. This shows that existing shareholders are eager to invest in their company.

The discount offered on rights issues is an additional incentive for existing shareholders to invest. This is because rights issues are exclusively available to these shareholders, making them a unique opportunity.

A 105.76% oversubscription is a clear indication of the confidence existing shareholders have in Access Holdings. It's a promising sign for the company's future prospects.

Access Bank has made a notable investment in BancABC as part of their Secondary Market on September 29, 2020. This investment is a significant move in their investment strategy.

Their latest investment was in BancABC, a clear indication of their focus on strategic partnerships.

Access Bank PLC's share price has shown impressive growth, currently standing at 9.00 NGN as of 2021/09/19.

The company has a total market capitalization of 320 billion NGN, with a P/E ratio of 3.20 NGN and an earnings per share (EPS) of 2.81 NGN.

Access Bank PLC achieved a gross earnings of 450.62 billion NGN and profits of 97.50 billion NGN before taxes were deducted during the second quarter that ended in June.

The company's year-to-date performance has increased by +38.8%, making it a very lucrative investment.

In the past four weeks, ACCESS stock market performance has shown increased improvements, with a gain of +2.2%.

The analyst forecast is lucrative for the next quarter, which is good news for investors who want to buy or sell shares in anticipation of favourable returns and dividends.

ACCESS stocks have experienced a trading volume of 815 million shares in the past three months, with each deal showing an average of 12.9 million shares traded.

The stock market can be a wild ride, and recently, it's been a particularly bumpy one. The stock fell by 4.5% in a single day, the largest drop in 9 days.

This significant decline was a major concern for investors, who were already on edge due to the recent economic downturn. The stock has been struggling to regain its footing since the start of the quarter.

One of the main reasons for the stock's decline was the company's disappointing quarterly earnings report. The report showed a significant decline in revenue, which was a major blow to investor confidence.

The stock's performance was also affected by the overall market trends, with the sector experiencing a decline of 2.5% over the past week. This decline was largely driven by the company's poor performance in the quarter.

Investors were also spooked by the company's guidance, which was lower than expected. This guidance suggested that the company's revenue would continue to decline in the coming quarter.

The stock's fall was a major concern for investors, who were already on edge due to the recent economic downturn.

Access Bank PLC's current share price is 9.00 NGN as of 2021/09/19, with a total market capitalization of 320 billion NGN.

The company's P/E ratio is 3.20 NGN, and earnings per share (EPS) is 2.81 NGN, with a total of 35.5 billion shares outstanding.

Access Bank PLC reported gross earnings of 450.62 billion NGN and profits of 97.50 billion NGN before taxes were deducted in the second quarter of 2021.

This represents a 13.58% increase in gross earnings from the same period last year and a 31.21% growth in profits before tax.

Access Bank PLC's year-to-date performance shows an increase of +38.8%, making it a very lucrative investment.

The company's stock market performance has improved significantly, with a gain of +2.2% in the past four weeks, +10.1% in three months, +19.2% in six months, and +38.8% in one year.

With an analyst forecast predicting lucrative returns for the next quarter, investors who buy or sell shares in anticipation of favourable returns and dividends are likely to benefit.

Access Bank PLC has a trading volume of 815 million shares in the past three months, with each deal showing an average of 12.9 million shares traded.