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 prior close of $45.62 to $42.53 before last trading at $42.55 on light volume.
• Despite the decline, analyst sentiment remains positive: the stock has a consensus “Buy” rating, including one Strong Buy, five Buy ratings and one Hold rating.
• The bank recently exceeded quarterly expectations, reporting EPS of $1.05 versus a $0.92 estimate and revenue of $2.80 billion compared with the $2.67 billion consensus.

ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report)'s share price gapped down prior to trading on Friday. The stock had previously closed at $45.62, but opened at $42.53. ABN AMRO Bank shares last traded at $42.55, with a volume of 1,510 shares changing hands.

Analyst Upgrades and Downgrades

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

ABN AMRO Bank Stock Performance

The stock has a market cap of $35.12 billion and a P/E ratio of 13.22. The company has a 50 day simple moving average of $47.99 and a 200-day simple moving average of $42.83. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.14 and a quick ratio of 1.14.

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 (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. The firm had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.67 billion. ABN AMRO Bank had a return on equity of 9.12% and a net margin of 14.22%. On average, equities analysts expect that ABN AMRO Bank will post 3.63 earnings per share for the current fiscal year.

About ABN AMRO Bank

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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