ABN AMRO Bank (OTCMKTS:AAVMY) Shares Gap Down - Time to Sell?

Key Points

• ABN AMRO Bank shares fell sharply at the open, dropping from a previous close of $47.60 to $45.03 before last trading near $45.07 on relatively low volume.
• Despite the decline, analysts remain broadly positive: the stock carries a consensus “Buy” rating, including Strong Buy, Buy and Outperform recommendations, with only one Hold rating.
• The bank exceeded quarterly expectations, reporting EPS of $1.05 versus a $0.92 estimate and revenue of $2.80 billion against a $2.67 billion consensus; analysts project full-year EPS of $3.63.

ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) gapped down prior to trading on Thursday. The stock had previously closed at $47.60, but opened at $45.03. ABN AMRO Bank shares last traded at $45.07, with a volume of 514 shares.

Analyst Ratings Changes

AAVMY has been the topic of several research analyst reports. Citigroup reaffirmed a "buy" rating on shares of ABN AMRO Bank in a research report on Friday, September 18th. Royal Bank Of Canada reissued an "outperform" rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Zacks Research raised shares of ABN AMRO Bank from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 30th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, ABN AMRO Bank has a consensus rating of "Buy".

ABN AMRO Bank Stock Performance

The company has a debt-to-equity ratio of 2.97, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $36.65 billion and a PE ratio of 13.79. The business has a fifty day simple moving average of $48.18 and a two-hundred day simple moving average of $41.75.

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

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The bank provides retail, private and corporate banking services, with the Netherlands as its principal market. Its offerings include current and savings accounts, mortgages, consumer lending, payment services, business financing, cash management and other financial solutions.

Through its Wealth Management business, ABN AMRO serves affluent individuals, families and institutions with investment management, financial planning and private banking services.

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