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Infinity Trust Mortgage Bank Plc (NGX: INFINITY) | Share Price

Updated 27 Sep 2022
Infinity Trust Mortgage Bank Plc

Infinity Trust Mortgage Bank Plc is a mortgage banking institution in Nigeria offering mortgage lending and lines of credit.

Latest Infinity Trust Mortgage Bank Plc Share Price

The graph above shows the latest Infinity Trust Mortgage Bank Plc share price on the Nigerian Stock Exchange. Investors have seen Infinity Trust Mortgage Bank Plc shares perform well historically, and it remains a steady investment. Infinity Trust Mortgage Bank Plc stock is live on the NGX under the stock symbol of INFINITY and is available to trade via several brokers in Nigeria.

What is Infinity Trust Mortgage Bank Plc

The Bank’s principal activity is the provision of mortgage banking, construction finance, other financial intermediation services to corporate and individual customers.

As one of the leading and most capitalized Primary Mortgage Banks in Nigeria, the bank has significantly increased its shareholders’ funds from less than N50m in 2003, to over N12 billion and maintained an unbroken record in terms of consistency in dividend payment to shareholders for fourteen years running.

Infinity Trust Mortgage Bank Plc has wholly or partly financed no fewer than 20 modern estates in Nigeria, thereby providing decent and affordable accommodation to over 10,000 Nigerian families.

The Bank retained its servicer ratings of Bbb+ and SR3 respectively for the 2019 financial year.

The history of Infinity Trust Mortgage Bank Plc started in 1992. Infinity Trust Mortgage Bank Plc was incorporated on 28 January 2002, as Infinity Trust Savings & Loans Limited. It commenced business operations in Abuja, in 2003.

As part of the banks strategic turn-around, it was converted to a Public Limited Liability Company on 25 January 2013, and had to change its name to Infinity Trust Mortgage Bank Plc.

The bank went public and its shares were listed by introduction on the main floor of the Nigerian Stock Exchange on 11 December 2013.

In 2014, it became a National Mortgage Bank. Currently, the bank has equity shareholding in the Nigeria Mortgage Refinance Company (NMRC).

Today, Infinity Trust Mortgage Bank Plc has a diversified portfolio in more sectors of the value chain and renders the following services namely, current accounts, infinity current plus, infinity premium savings accounts (IPSA), I-school mortgage, fixed term deposits, infinity Mortgage Finance, infinity bridging mortgage finance (IBMF), real estate finance and infinity NHF equity finance (I- NEF).

Infinity Trust Mortgage Bank Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol INFINITY.

Infinity Trust Mortgage Bank Plc has its headquarters at Abuja, Nigeria.

Infinity Trust Mortgage Bank Plc forms part of the Consumer Financial Services Industry and the Financials Sector.

Infinity Trust Mortgage Bank

Infinity Trust Mortgage Bank Plc Stock Performance

The current price for Infinity Trust Mortgage Bank Plc’s stocks is 1.32 Nigerian Naira (NGN). The company has a total market capitalisation of 5.54B NGN with a P/E ratio of 26.40 and earnings per share of 0.05 NGN. A total of 4.17B shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell Infinity Trust Mortgage Bank Plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Infinity Trust Mortgage Bank, analysts forecast further improved performance with market share growing as trading volumes increase.

Highlights of Infinity Trust Mortgage Bank Plc in 2021

Infinity Trust Mortgage Bank Plc started the year with a share price of 1.36 NGN, and it has lost 2.94% in value on its price valuation, ranking 113th on the NGX where year-to-date performance is concerned.

Infinity Trust Mortgage Bank Plc is currently the 133rd most-traded stock on the NGX and it has experienced a total trading volume of more than 10,762 shares, which were finalized in 11 deals and were valued at a total of 14,812 NGN over three months, with an average of 171 shares in each trading session.

The highest volume shares traded on one single day was 5,000.

Infinity Trust Mortgage Bank - How To Trade

How to buy Infinity Trust Mortgage Bank Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade Infinity Trust Mortgage Bank stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “INFINITY”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. 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 plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

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