Karnataka Bank Ltd Buy now @ Rs. 71 with Target price of 90 to 100 + 5% dividend yield Stock

Karnataka Bank Ltd

Stock Name:-                    Karnataka Bank Ltd

NSE Code:                        KTKBANK

BSE Code:                        532652

Sector:                              Private Bank

Current Price :                  Rs. 71

Price Target :                    Rs. 90++ then 100

Earning per Share:           Rs. 16.50

Dividend Yield :                5%

Dividend per Share :        Rs. 3.5

52 Week High Low:          High 141 / Low 68

Annual Sales Growth 6%,

Stock PE 4.35 ,

ROE 8,52%

KBL is one of the old private sector banks, having commenced its operations in 1924 in Mangalore (Karnataka).

The bank reported an asset size of Rs. 78,949.4 crore as on June 30, 2019. KBL’s shares were largely held by the public (61.8%) followed by foreign portfolio investors (15.3%), banks/mutual funds/insurance companies (12.7%) and others (10.1%) as on June 30, 2019.

The bank had a network of 839 branches and 1,191 ATM outlets as on June 30, 2019 with about 62.0% of its total branches located in Karnataka.