Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Receives Consensus Rating of "Reduce" from Analysts

Shares of Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) have earned an average rating of "Reduce" from the six analysts that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

A number of research firms have recently commented on SVNLY. Hsbc Global Res lowered shares of Svenska Handelsbanken AB (publ) from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Kepler Capital Markets lowered Svenska Handelsbanken AB (publ) from a "hold" rating to a "strong sell" rating in a research report on Wednesday, May 21st. HSBC lowered Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Citigroup restated a "neutral" rating on shares of Svenska Handelsbanken AB (publ) in a report on Wednesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Svenska Handelsbanken AB (publ) in a research note on Tuesday, May 13th.

Svenska Handelsbanken AB (publ) Price Performance

Shares of OTCMKTS SVNLY traded up $0.05 during midday trading on Friday, reaching $6.68. 43,327 shares of the company were exchanged, compared to its average volume of 123,050. Svenska Handelsbanken AB has a one year low of $4.49 and a one year high of $6.83. The stock has a market cap of $26.45 billion, a P/E ratio of 10.28, a PEG ratio of 1.94 and a beta of 0.78. The company has a quick ratio of 2.08, a current ratio of 2.17 and a debt-to-equity ratio of 0.18. The stock's 50-day moving average price is $6.08 and its 200-day moving average price is $5.74.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.15. Svenska Handelsbanken AB (publ) had a net margin of 14.89% and a return on equity of 13.62%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.47 billion. On average, sell-side analysts anticipate that Svenska Handelsbanken AB will post 0.54 earnings per share for the current fiscal year.

Svenska Handelsbanken AB (publ) Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, March 28th were paid a dividend of $0.7123 per share. The ex-dividend date was Friday, March 28th. This is a boost from Svenska Handelsbanken AB (publ)'s previous dividend of $0.63. Svenska Handelsbanken AB (publ)'s dividend payout ratio (DPR) is 92.19%.

Svenska Handelsbanken AB (publ) Company Profile

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, Finland, and Poland. The company offers savings, transactions, business, currency, and investment accounts, as well as accounts for cash pool, and forestry and agriculture; mortgage and committed loans, and private loans; mutual funds; pension products; credit and debit cards; and payment and reconciliation services, as well as foreign exchange rate services.