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

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) posted its quarterly earnings results on Wednesday. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14, Zacks reports. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate 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 Stock Up 0.1%

SVNLY opened at $7.21 on Friday. The stock has a market cap of $28.55 billion, a PE ratio of 10.15, a P/E/G ratio of 4.16 and a beta of 0.61. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.20. Svenska Handelsbanken Ab Publ has a 52 week low of $5.89 and a 52 week high of $8.26. The business’s fifty day simple moving average is $7.21 and its 200 day simple moving average is $7.34.

Analysts Set New Price Targets

A number of brokerages have issued reports on SVNLY. Citigroup cut shares of Svenska Handelsbanken Ab Publ from a “neutral” rating to a “sell” rating in a report on Thursday. Morgan Stanley reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Svenska Handelsbanken Ab Publ in a report on Monday, April 13th. Finally, Barclays reaffirmed an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Sell”.

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.