Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Sets New 12-Month High – Here’s What Happened

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) shares hit a new 52-week high during trading on Monday . The company traded as high as $6.74 and last traded at $6.69, with a volume of 99195 shares traded. The stock had previously closed at $6.56.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Svenska Handelsbanken AB (publ) in a research report on Tuesday, May 13th. HSBC lowered shares of Svenska Handelsbanken AB (publ) from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Hsbc Global Res downgraded shares of Svenska Handelsbanken AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th.

Svenska Handelsbanken AB (publ) Trading Up 2.0%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.08 and a current ratio of 2.17. The company has a market capitalization of $26.49 billion, a PE ratio of 10.29, a PEG ratio of 1.94 and a beta of 0.78. The stock has a fifty day moving average of $6.06 and a 200 day moving average of $5.67.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its earnings results on Wednesday, April 30th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.47 billion. Svenska Handelsbanken AB (publ) had a net margin of 14.89% and a return on equity of 13.62%. As a group, sell-side analysts predict that Svenska Handelsbanken AB will post 0.54 earnings per share for the current fiscal year.

Svenska Handelsbanken AB (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 17th. Stockholders of record on Friday, March 28th were given a dividend of $0.7123 per share. This is a positive change from Svenska Handelsbanken AB (publ)’s previous dividend of $0.63. The ex-dividend date was Friday, March 28th. Svenska Handelsbanken AB (publ)’s dividend payout ratio (DPR) is presently 92.19%.

About Svenska Handelsbanken AB (publ)

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, Finland, and Poland. The company offers savings, transactions, business, currency, and investment accounts, as well as accounts for cash pool, and forestry and agriculture; mortgage and committed loans, and private loans; mutual funds; pension products; credit and debit cards; and payment and reconciliation services, as well as foreign exchange rate services.