S&P/ASX 200 Index (ASX: XJO) bank shares put in a mixed performance in November.
As we head into the final hour of trade for the month, only three of the seven big bank stocks are in the green for the month.
In case you’re unfamiliar, the ASX 200 banks shares on our list are:
- Australia and New Zealand Banking Group Ltd (ASX: ANZ)
- National Australia Bank Ltd (ASX: NAB)
- Westpac Banking Corp (ASX: WBC)
- Commonwealth Bank of Australia (ASX: CBA)
- Bank of Queensland Ltd (ASX: BOQ)
- Bendigo and Adelaide Bank Ltd (ASX: BEN)
- Virgin Money UK PLC (ASX: VUK)
So, which three finished in positive territory? And which bank led the charge for share price gains?
Read on.
The two runners up
Kicking off with the third-best performing ASX 200 bank share we have Bendigo and Adelaide Bank, which has a current market cap of $5.2 billion.
The bank closed out October trading for $9.01 per share and is currently trading for $9.14 per share, up 1.4% for the month.
Bendigo and Adelaide trades at a price-to-earnings (PE) ratio of 12 times and pays a trailing dividend yield of 5.7%, fully franked.
The second-best ASX 200 bank share to have held in November is Commonwealth Bank of Australia. CBA shares closed on October 31 trading for $104.68. They are currently changing hands for $108.03, putting the CBA share price up 3.2% in November.
CBA trades at a PE ratio of 20.2 times and pays a fully franked trailing dividend yield of 3.5%.
Which brings us to…
The best-performing ASX 200 bank share in November
By far the best ASX 200 bank share to have had in your portfolio for share price gains in November is…drum roll please…Virgin Money.
Virgin Money finished October trading for $2.44. Shares are currently trading for $3.04 apiece, putting the bank’s stock up an impressive 25% over the month.
Virgin Money trades on a PE ratio of 4.7 times with a trailing dividend yield of 5.6%.
Driving investor interest in November was an exceptionally strong full-year result for the 12 months ending 30 September.
Highlights from the report, released on 22 November, included a 43% increase in after-tax profit year on year. The bank’s final dividend reflected this profitability, with Virgin Money increasing its final dividend payout by 580% from the prior year.
And if that wasn’t enough to lift ASX 200 investor interest in the bank share, Virgin Money also announced an $89.5 million share buyback.
