Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Issues Earnings Results, Meets Estimates

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) posted its quarterly earnings results on Wednesday. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14, Zacks reports. Svenska Handelsbanken Ab Publ had a net margin of 17.61% and a return on equity of 14.41%.

Svenska Handelsbanken Ab Publ Trading Up 1.5%

OTCMKTS SVNLY opened at $7.39 on Wednesday. The firm’s fifty day moving average price is $7.20 and its 200 day moving average price is $7.34. Svenska Handelsbanken Ab Publ has a 12 month low of $5.80 and a 12 month high of $8.26. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market capitalization of $29.26 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 4.20 and a beta of 0.61.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Monday, April 13th. Morgan Stanley reiterated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, May 12th. Finally, Citigroup reissued a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

About Svenska Handelsbanken Ab Publ

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.