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

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) released its quarterly earnings results on Wednesday. The company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14, Zacks reports. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.45 billion. Svenska Handelsbanken Ab Publ had a return on equity of 14.26% and a net margin of 17.75%.

Svenska Handelsbanken Ab Publ Trading Up 0.1%

OTCMKTS:SVNLY opened at $7.21 on Friday. Svenska Handelsbanken Ab Publ has a 12 month low of $5.89 and a 12 month high of $8.26. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.20. The firm’s 50 day moving average is $7.21 and its 200 day moving average is $7.34. The stock has a market capitalization of $28.55 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 4.16 and a beta of 0.61.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, April 13th. Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, May 12th. Citigroup downgraded Svenska Handelsbanken Ab Publ from a “neutral” rating to a “sell” rating in a report on Thursday. Finally, Barclays reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, June 22nd. One analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Svenska Handelsbanken Ab Publ has an average rating of “Strong Sell”.

Svenska Handelsbanken Ab Publ Company Profile

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.