Nordea Bank (OTCMKTS:NRDBY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Trading volume increased 27% to 608,051 shares, while Nordea Bank’s stock rose slightly to $18.90 from the prior close of $18.83.
• Analyst sentiment is favorable but mixed: coverage includes one Strong Buy, three Buys, three Holds and one Sell, resulting in a consensus “Moderate Buy” rating.
• Nordea exceeded quarterly expectations, reporting $0.42 EPS versus $0.40 expected and revenue of $3.47 billion versus $3.41 billion forecast. The bank posted a 15.18% return on equity and 22.82% net margin.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) saw strong trading volume on Monday. 608,051 shares traded hands during trading, an increase of 27% from the previous session's volume of 477,709 shares. The stock last traded at $18.90 and had previously closed at $18.83.

Wall Street Analyst Weigh In

NRDBY has been the topic of a number of analyst reports. Citigroup reaffirmed a "buy" rating on shares of Nordea Bank in a research note on Friday, July 17th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Nordea Bank in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Nordea Bank in a research note on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Nordea Bank has an average rating of "Moderate Buy".

Nordea Bank Trading Up 0.2%

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.79. The stock's fifty day moving average price is $20.16 and its two-hundred day moving average price is $19.23. The company has a market capitalization of $64.19 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.41 and a beta of 0.69.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last posted its earnings results on Thursday, July 16th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The company had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.41 billion. Nordea Bank had a return on equity of 15.18% and a net margin of 22.82%. Sell-side analysts anticipate that Nordea Bank AB will post 1.77 earnings per share for the current year.

Nordea Bank Company Profile

Nordea Bank Abp OTCMKTS: NRDBY is a Nordic financial services group headquartered in Helsinki, Finland. The bank provides banking, investment and insurance-related services to personal customers, businesses, institutional investors and public-sector organizations.

Nordea offers a broad range of products, including deposit and lending products, mortgages, payment and account services, credit cards, wealth management, investment advice, corporate finance and capital-markets services. Through its asset-management operations, the group also provides investment products and portfolio-management services to individual and institutional clients.

The bank serves customers primarily in Finland, Sweden, Denmark and Norway, with additional international operations supporting corporate and institutional clients.

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