Nordea Bank (OTCMKTS:NRDBY) Releases Earnings Results, Hits Expectations

Nordea Bank (OTCMKTS:NRDBY) posted its earnings results on Thursday. The company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40, Zacks reports. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%.

Nordea Bank Stock Down 0.5%

NRDBY stock opened at $19.00 on Thursday. The stock has a market capitalization of $64.65 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.43 and a beta of 0.69. The firm has a 50-day simple moving average of $20.09 and a 200-day simple moving average of $19.27. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.79. Nordea Bank has a 52 week low of $16.33 and a 52 week high of $21.39.

Analysts Set New Price Targets

Several brokerages recently weighed in on NRDBY. The Goldman Sachs Group restated a “neutral” rating on shares of Nordea Bank in a research note on Monday, July 20th. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a research report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nordea Bank in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About Nordea Bank

Nordea Bank Abp (OTCMKTS:NRDBY) is a Nordic financial services group headquartered in Helsinki, Finland. The bank provides banking, investment and insurance-related services to personal customers, businesses, institutional investors and public-sector organizations.

Nordea offers a broad range of products, including deposit and lending products, mortgages, payment and account services, credit cards, wealth management, investment advice, corporate finance and capital-markets services. Through its asset-management operations, the group also provides investment products and portfolio-management services to individual and institutional clients.

The bank serves customers primarily in Finland, Sweden, Denmark and Norway, with additional international operations supporting corporate and institutional clients.