ABN AMRO Bank (OTCMKTS:AAVMY) Sets New 1-Year High – Here’s What Happened

ABN AMRO Bank (OTCMKTS:AAVMY) reached a new 52-week high during trading on Monday . The stock traded as high as $50.63 and last traded at $50.46, with a volume of 2791 shares changing hands. The stock had previously closed at $49.79.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AAVMY shares. ABN Amro upgraded ABN AMRO Bank from a “neutral” rating to a “buy” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Zacks Research raised shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Citigroup restated a “buy” rating on shares of ABN AMRO Bank in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, ABN AMRO Bank currently has a consensus rating of “Buy”.

ABN AMRO Bank Price Performance

The company has a fifty day moving average of $47.03 and a 200-day moving average of $40.47. The firm has a market cap of $40.90 billion and a P/E ratio of 15.39. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.14 and a quick ratio of 1.14.

ABN AMRO Bank (OTCMKTS:AAVMY) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. ABN AMRO Bank had a return on equity of 9.12% and a net margin of 14.22%.The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.67 billion. On average, sell-side analysts anticipate that ABN AMRO Bank will post 3.76 EPS for the current fiscal year.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Netherlands-based financial institution headquartered in Amsterdam. The bank provides banking and financial services to retail, private, and corporate customers, with a primary focus on the Dutch market and selected activities in Northwest Europe.

Its services include current and savings accounts, consumer lending, mortgages, payment services, investment products, wealth management, and insurance-related solutions. For business customers, ABN AMRO offers lending, cash management, corporate finance, trade finance, capital markets, and other advisory services.