ABN AMRO Bank (OTCMKTS:AAVMY) Sees Unusually-High Trading Volume – Still a Buy?

ABN AMRO Bank (OTCMKTS:AAVMY) shares saw an uptick in trading volume on Wednesday. Approximately 86,152 shares changed hands during trading, an increase of 274% from the average daily volume of 23,023 shares. The stock last traded at $44.82 and had previously closed at $44.7720.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of ABN AMRO Bank in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Zacks Research cut ABN AMRO Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a research report on Wednesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

ABN AMRO Bank Stock Up 0.1%

The firm has a market cap of $36.76 billion and a P/E ratio of 13.83. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.97. The firm has a fifty day moving average of $47.70 and a 200-day moving average of $40.23.

ABN AMRO Bank (OTCMKTS:AAVMY) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.67 billion. ABN AMRO Bank had a return on equity of 9.12% and a net margin of 14.22%. On average, equities research analysts anticipate that ABN AMRO Bank will post 3.63 earnings per share for the current year.

ABN AMRO Bank Company Profile

ABN AMRO Bank N.V. is a Netherlands-based financial institution headquartered in Amsterdam. The bank provides banking and financial services to individuals, businesses and institutional clients, with the Netherlands as its primary market and additional activities in selected European and international markets.

Its offerings include current and savings accounts, mortgages, consumer lending, payment services, investment products and personal financial advice. Through its business and corporate banking operations, ABN AMRO provides lending, cash management, trade finance, corporate finance and other banking services to small and medium-sized enterprises, larger companies and institutions.