Nordea Bank Abp (OTCMKTS:NRDBY) Reaches New 52-Week High – Here’s Why

Nordea Bank Abp (OTCMKTS:NRDBY) reached a new 52-week high during trading on Monday . The stock traded as high as $13.12 and last traded at $13.01, with a volume of 525357 shares traded. The stock had previously closed at $13.08.

Analysts Set New Price Targets

Separately, Barclays reiterated an “overweight” rating on shares of Nordea Bank Abp in a research report on Monday, February 3rd.

Nordea Bank Abp Stock Down 0.5 %

The business’s 50 day simple moving average is $11.68 and its 200 day simple moving average is $11.61. The company has a market capitalization of $45.51 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 0.88 and a beta of 0.92. The company has a quick ratio of 1.29, a current ratio of 1.27 and a debt-to-equity ratio of 6.03.

Nordea Bank Abp (OTCMKTS:NRDBY) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. Nordea Bank Abp had a net margin of 19.84% and a return on equity of 16.29%. As a group, analysts forecast that Nordea Bank Abp will post 1.4 EPS for the current year.

Nordea Bank Abp Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.9791 per share. The ex-dividend date is Monday, March 24th. Nordea Bank Abp’s dividend payout ratio is 60.00%.

Nordea Bank Abp Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.