ABN AMRO Bank (OTCMKTS:AAVMY) Sees Unusually-High Trading Volume After Earnings Beat

ABN AMRO Bank (OTCMKTS:AAVMY) shares saw unusually-strong trading volume on Thursday following a stronger than expected earnings report. 63,416 shares were traded during mid-day trading, an increase of 165% from the average daily volume of 23,958 shares. The stock last traded at $46.52 and had previously closed at $47.48.

The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.24. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.80 billion. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AAVMY shares. Citigroup reiterated a “buy” rating on shares of ABN AMRO Bank in a research report on Friday, September 18th. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Deutsche Bank reiterated a “hold” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a research note on Wednesday, September 2nd. Finally, Zacks Research cut ABN AMRO Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

ABN AMRO Bank Stock Performance

The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $38.18 billion and a PE ratio of 14.36. The stock’s 50-day simple moving average is $47.28 and its 200 day simple moving average is $40.79.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The modern bank was formed in 1991 through the merger of Algemene Bank Nederland and Amsterdam-Rotterdam Bank, combining institutions with longer histories in Dutch banking. The bank serves retail, private and business clients, with the Netherlands as its primary market and additional activities in selected international markets. Its services include everyday banking and payments, savings, mortgages, consumer and business lending, wealth management, and financial services for corporate clients.