ABN AMRO Bank (OTCMKTS:AAVMY) Sees Large Volume Increase - Still a Buy?

Key Points

• Trading volume surged 274% to 86,152 shares, while ABN AMRO Bank’s stock was largely unchanged at $44.82.
• Analyst sentiment remains favorable, with five Buy ratings and two Hold ratings producing a consensus “Moderate Buy” recommendation; however, Zacks recently downgraded the shares to Hold.
• The bank exceeded quarterly expectations, reporting $1.05 EPS versus a $0.92 estimate and $2.80 billion in revenue versus $2.67 billion expected. Analysts forecast full-year EPS of $3.63.

Shares of ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) saw unusually-strong trading volume on Wednesday. 86,152 shares were traded during mid-day trading, an increase of 274% from the average daily volume of 23,023 shares. The stock last traded at $44.82 and had previously closed at $44.7720.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AAVMY shares. Citigroup reissued a "buy" rating on shares of ABN AMRO Bank in a research note on Friday, September 18th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Zacks Research cut ABN AMRO Bank from a "strong-buy" rating to a "hold" rating in a research note on Monday. Morgan Stanley reiterated an "overweight" rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, ABN AMRO Bank presently has a consensus rating of "Moderate Buy".

ABN AMRO Bank Stock Up 0.1%

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.97. The firm's fifty day moving average price is $47.70 and its 200-day moving average price is $40.23. The company has a market cap of $36.76 billion and a price-to-earnings ratio of 13.83.

ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.13. ABN AMRO Bank had a return on equity of 9.12% and a net margin of 14.22%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.67 billion. Sell-side analysts predict that ABN AMRO Bank will post 3.63 earnings per share for the current year.

ABN AMRO Bank Company Profile

ABN AMRO Bank N.V. is a Netherlands-based financial institution headquartered in Amsterdam. The bank provides banking and financial services to individuals, businesses and institutional clients, with the Netherlands as its primary market and additional activities in selected European and international markets.

Its offerings include current and savings accounts, mortgages, consumer lending, payment services, investment products and personal financial advice. Through its business and corporate banking operations, ABN AMRO provides lending, cash management, trade finance, corporate finance and other banking services to small and medium-sized enterprises, larger companies and institutions.

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