Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) issued its quarterly earnings data on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01, Zacks reports. Svenska Handelsbanken Ab Publ had a net margin of 17.75% and a return on equity of 14.30%.

Svenska Handelsbanken Ab Publ Trading Up 1.2%

OTCMKTS:SVNLY opened at $7.74 on Wednesday. Svenska Handelsbanken Ab Publ has a 52 week low of $6.14 and a 52 week high of $8.26. The firm has a 50 day moving average of $7.68 and a 200 day moving average of $7.37. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $30.63 billion, a price-to-earnings ratio of 10.89 and a beta of 0.62.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, July 20th. Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, September 1st. Citigroup reaffirmed a “sell” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Friday, October 9th. Barclays raised Svenska Handelsbanken Ab Publ from an “underweight” rating to a “positive” rating in a research report on Friday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB (publ), commonly known as Handelsbanken, is a Swedish universal bank providing financial services to individuals, businesses and institutional customers. Its offerings include deposit accounts, lending, mortgages, payment services, cash management, financial advice and other banking solutions.

The bank also provides corporate and investment banking services, including financing, capital markets support, foreign exchange and securities-related services. Through affiliated operations, Handelsbanken offers asset management, pension and insurance-related products to selected customers.

Founded in Stockholm in 1871, Handelsbanken has historically developed a decentralized banking model in which local branches have significant responsibility for customer relationships and credit decisions.