Nordea Bank Abp (OTCMKTS:NRDBY) Posts Earnings Results

Nordea Bank Abp (OTCMKTS:NRDBY - Get Free Report) announced its earnings results on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $3.13 billion for the quarter. Nordea Bank Abp had a return on equity of 16.29% and a net margin of 19.84%.

Nordea Bank Abp Stock Performance

NRDBY traded up $0.10 on Monday, hitting $12.97. 3,809,086 shares of the company's stock were exchanged, compared to its average volume of 462,402. The company has a current ratio of 1.27, a quick ratio of 1.29 and a debt-to-equity ratio of 6.03. The stock has a fifty day moving average of $13.05 and a two-hundred day moving average of $12.05. Nordea Bank Abp has a twelve month low of $10.30 and a twelve month high of $14.57. The firm has a market cap of $45.28 billion, a PE ratio of 8.37, a P/E/G ratio of 0.88 and a beta of 0.77.

Nordea Bank Abp Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, April 7th. Stockholders of record on Monday, March 24th were given a $0.9791 dividend. The ex-dividend date was Monday, March 24th. Nordea Bank Abp's payout ratio is currently 30.67%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NRDBY. Barclays restated an "overweight" rating on shares of Nordea Bank Abp in a research note on Monday, February 3rd. Morgan Stanley reaffirmed an "overweight" rating on shares of Nordea Bank Abp in a research report on Friday, March 7th.

Nordea Bank Abp Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.