Nordea Bank (OTCMKTS:NRDBY – Get Free Report) announced its earnings results on Wednesday. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01), Zacks reports. Nordea Bank had a net margin of 22.36% and a return on equity of 15.61%.
Nordea Bank Stock Performance
Shares of NRDBY opened at $18.80 on Wednesday. The company has a 50-day moving average of $18.56 and a two-hundred day moving average of $18.30. The stock has a market cap of $64.14 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 2.07 and a beta of 0.63. The company has a debt-to-equity ratio of 6.33, a current ratio of 1.23 and a quick ratio of 1.23. Nordea Bank has a one year low of $13.02 and a one year high of $20.61.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Citigroup reissued a “buy” rating on shares of Nordea Bank in a report on Thursday, January 15th. Zacks Research upgraded shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Nordea Bank currently has an average rating of “Hold”.
About Nordea Bank
Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.
Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.
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