Determinan Harga Saham PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk

Somadi Somadi; Anita Nurjanah; Ridwan Ridwan

doi:10.55338/jeama.v4i3.662

Penulis

Somadi Somadi Universitas Pasundan
Anita Nurjanah Universitas Pasundan
Ridwan Ridwan Universitas Pasundan

DOI:

https://doi.org/10.55338/jeama.v4i3.662

Kata Kunci:

Stock Price, Return on Assets, Return on Equity, Net Interest Margin, Operating Expenses to Operating Income, Loan to Deposit Ratio

Abstrak

Banking stock price movements are not always in line with changes in the company's internal financial performance, thus creating uncertainty for investors in assessing the fair value of shares. Bank BJB, as a regional development bank listed on the Indonesia Stock Exchange, also experiences stock price fluctuations that do not always reflect changes in its financial ratios. Therefore, this study aims to analyze the effect of Return on Assets (ROA), Return on Equity (ROE), Net Interest Margin (NIM), Operating Expenses to Operating Income (BOPO), and Loan to Deposit Ratio (LDR) on Bank BJB's stock price, both partially and simultaneously. This study uses a quantitative approach with the multiple linear regression method. The data used are secondary data in the form of financial statements and Bank BJB's stock price for the period 2010–2024. Testing was carried out through the classical assumption test, F test, t test, and coefficient of determination. The results show that simultaneously ROA, ROE, NIM, BOPO, and LDR do not significantly affect Bank BJB's stock price. In addition, each variable partially also does not significantly affect the stock price. Based on the results of this study, the movement of Bank BJB's share price is not entirely determined by internal financial ratios, but is influenced by other factors outside the research model.

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