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

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

Analyst Ratings Changes

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

Nordea Bank Abp Stock Down 0.5 %

The company has a debt-to-equity ratio of 6.03, a current ratio of 1.27 and a quick ratio of 1.29. The stock has a market cap of $45.51 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 0.88 and a beta of 0.92. The business has a fifty day moving average of $11.68 and a 200 day moving average of $11.61.

Nordea Bank Abp (OTCMKTS:NRDBY) last posted its earnings results on Monday, February 3rd. The company reported $0.34 EPS for the quarter, topping 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%. On average, equities analysts predict that Nordea Bank Abp will post 1.4 earnings per share for the current year.

Nordea Bank Abp Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 24th will be issued a dividend of $0.9791 per share. The ex-dividend date of this dividend is Monday, March 24th. Nordea Bank Abp’s dividend payout ratio is currently 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.