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

ABN AMRO Bank (OTCMKTS:AAVMY) shares saw strong trading volume on Thursday . Approximately 93,354 shares traded hands during trading, an increase of 340% from the previous session’s volume of 21,193 shares.The stock last traded at $49.95 and had previously closed at $49.68.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Zacks Research raised shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Morgan Stanley restated an “overweight” rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Finally, Citigroup reiterated a “buy” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

ABN AMRO Bank Price Performance

The company has a debt-to-equity ratio of 2.97, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $40.99 billion and a price-to-earnings ratio of 15.42. The stock’s 50 day simple moving average is $46.51 and its 200-day simple moving average is $39.98.

ABN AMRO Bank (OTCMKTS:AAVMY) last released 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. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, analysts expect that ABN AMRO Bank will post 3.76 EPS for the current fiscal 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 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.