Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Issues Quarterly Earnings Results

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) issued its earnings results on Wednesday. The company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14, Zacks reports. Svenska Handelsbanken Ab Publ had a return on equity of 14.41% and a net margin of 17.61%.

Svenska Handelsbanken Ab Publ Price Performance

OTCMKTS SVNLY opened at $7.39 on Wednesday. The company has a 50-day moving average price of $7.20 and a 200-day moving average price of $7.34. Svenska Handelsbanken Ab Publ has a 52 week low of $5.80 and a 52 week high of $8.26. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $29.26 billion, a P/E ratio of 10.41, a PEG ratio of 4.20 and a beta of 0.61.

Analysts Set New Price Targets

Several research firms recently commented on SVNLY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, April 13th. Citigroup restated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, July 7th. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, May 12th. Finally, Barclays reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, June 22nd. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Svenska Handelsbanken Ab Publ currently has an average rating of “Reduce”.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.