ZENITH BANK PLC (ZENITHBANK) Stock

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Company Name: ZENITH BANK PLC (ZENITHBANK)
Ticker: ZENITHBANK
Market Classification: Premium Board
Sector: FINANCIAL SERVICES
Sub Sector: Banking
Nature of Business: Commercial Banking
Company Address:
Telephone:
Fax:
Email:
Auditor:
Registrar:
Company Secretary:
Date Listed: October 21st 2004
Date of Incorporation: May 30th 1990
Website:
Board Of Directors:
Mr. Gabriel Ita Asuquo Ukpeh, Professor Oyewusi Ibidapo-Obe

Trading Information
Trading Name: ZENITH BANK PLC (ZENITHBANK)
Ticker Symbol: ZENITHBANK
Sector: FINANCIAL SERVICES
Sub Sector: Banking
Market Classification: Premium Board
Market Cap (Mil.): 450,539,685,829.10
Shares Outstanding (Mil.): 31,396,493,786


Managers
Name Age Since Title
Ebenezer Onyeagwu - 2019 Chief Executive Officer, Director & MD
Jim Ovia - 2014 Chairman
Mukhtar Adam, Dr. - 2018 CFO & Group Head-Financial Control
Francis Chukwunyem - 2010 Chief Information Officer & General Manager
Chukuka S. Enwemeka, Dr. - 2010 Non-Executive Director
Jeffrey Efeyini - 2010 Non-Executive Director
Adaora Remy Umeoji - - Executive Director & Deputy Managing Director
Gabriel Ita Asuquo Ukpeh - 2016 Independent Non-Executive Director
Umar Shuaib Ahmed - 2006 Executive Director
Oye Ibidapo-Obe, Dr. - 2016 Independent Non-Executive Director
 
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Zenith Bank Plc. board meeting Date, closed period

Zenith Bank Plc has announced that its board of directors would meet on Wednesday; the 29th day of April 2020 to take decisions on the company’s unaudited Financial Statements for the period ended March 31, 2020, among other issues.

The company also announced that it would observe its closed period from April 17th, 2020 in respect of the Company’s 2019 Audited Financial Statements to the floor of the Nigerian Stock Exchange. The closed period will run 24 hours after the result is released to the public

This was disclosed in a notification, which was sent to The Exchange. The announcement is in line with Rule 17.18 of Part 2 (Issuer’s Rules) of the NSE’s Rule Book (2015) which states that, "The period of closure shall be effective from fifteen (15) days prior to the date of any meeting of the Board of Directors proposed to be held to consider any of the matters referred to above or the date of circulation of agenda papers pertaining to any of the matters referred to above, whichever is earlier, up to twenty-four hours after the price-sensitive information is submitted to the Exchange.

“The trading window shall thereafter be opened. Every issuer shall notify the Exchange in advance of the commencement of each closed period.”
 

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Zenith Bank stock prices,

ZENITH BANK PLC (ZENITHBANK) [CG+]
14.35NGN
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-1.55 ( -9.75 %)

Click the link below to get Zenith Bank Stock price in real-time.
Zenith Bank Stock price -
 

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Zenith Bank Plc is one of the largest Nigerian banks. The group's activity is organized around 3 areas:

- retail bank and corporate bank;

- investment, financing, and market bank;

- life insurance.

At the end of 2018, the group has NGN 3,690.3 billion in current deposits and NGN 1,823.1 billion in current loans.

Products and services are marketed through a network of 417 agencies located in Nigeria.

Income (including intragroup) breaks down geographically as follows: Nigeria (86.1%), Africa (10.9%) and Europe (3%).
 

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Key Statistics
P/E Ratio2.16
PEGY Ratio--
Shares Outstanding31.4B
Price to Book Ratio0.4787
Price to Sales Ratio0.6956
1 Year Return-16.76%
30 Day Avg Volume94,660,620
EPS6.65
Dividend17.95%
Last Dividend Reported2.5
Earnings Announcement for Period Ending Q1/2020:04/23/2020
 

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Jim Ovia, Ebenezer Onyeagwu invest N285.52m in Zenith Bank to save falling investment in firm.

The chairman of Zenith Bank, Jim Ovia, and the lender’s Group Managing Director, Ebenezer Onyeagwu, have tightened their grip on the firm with new investment worth a total of N285,528,478.

According to Ripples Nigeria analysis, their investment in the firm comes amid -3.57% slump in Zenith Bank’s year-to-date share value, reflecting a reversed movement in shareholders investment, as the capital market’s confidence around the lender stay low – considering its -2.21% decline between January 2021 to Monday, May 9, 2022.

With investors not being bullish about Zenith Bank, amid blurry growth prospects, the investment from Ovia and Onyeagwu could be seen as the management’s effort trying to convert pessimistic investors and save the firm’s shares.

Ovia, who owns the largest individual and institutional stakes in Zenith Bank, acquired one million shares on Tuesday, May 9, through his investment company, Quantum Zenity Securities & Investment Limited.

The shares acquired are worth N24.35 million. He previously held 1.52 billion indirect shares both in 2021, as well as 2020, through five companies, which includes Quantum Zenith.

The godfather of Nigerian banking industry, as he’s quietly known, also holds 3.54 billion direct shares. This brings his total investment in Zenith Bank to N122.7 billion, when his total stake is pegged with the lender’s closing stock price of N24.25kobo per share.



Read also: Zenith Bank suspends card withdrawal for int’l transactions, cuts customers’ dollar spend by 80%

On Onyeagwu’s part, he has been increasing his investment in Zenith Bank since the end of 2020, Ripples Nigeria gathered from analysis of his capital market activities, with the most recent being a 11.07 million shares purchased also on Monday.

He paid N274.45 million for the acquired shares, to increase his 65.06 million direct shares, which he held as of December 2021. Note that in 2020, Onyeagwu’s total direct shareholdings was 46.5 million – The GMD’s investment in Zenith Bank is now worth about N1.8 billion.

Also, aside from Ovia and Onyeagwu, another executive director, Ahmed Shuaib, also partook in the buying spree on Monday, purchasing two million shares to top up his direct investment.

Shuaib is one of the top ten largest stakeholder in Zenith Bank, and held 14.07 million direct shares as of December 2021, before his recent purchase in the financial institution.

He has also been increasing his shareholdings since the end of 2020, when Shuaib held 9.57 million shares. The director now holds shares worth about N389.69 million in Zenith Bank.
 

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If Zenith bank is a falling investment i wonder what the reporter would call FBNH?