Nordea Bank (OTCMKTS:NRDBY) Releases Earnings Results, Beats Expectations By $0.03 EPS

Nordea Bank (OTCMKTS:NRDBY) released its quarterly earnings data on Thursday. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.03, Zacks reports. Nordea Bank had a return on equity of 15.38% and a net margin of 21.42%.

Nordea Bank Stock Down 2.9%

Shares of NRDBY traded down $0.58 during mid-day trading on Thursday, hitting $19.45. 61,611 shares of the company’s stock were exchanged, compared to its average volume of 211,315. The firm has a fifty day moving average of $18.71 and a two-hundred day moving average of $16.97. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.32. Nordea Bank has a twelve month low of $11.07 and a twelve month high of $20.61. The stock has a market cap of $66.79 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 3.68 and a beta of 0.63.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NRDBY shares. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank in a research note on Monday, November 24th. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research report on Thursday, January 15th. Nordea Equity Research downgraded shares of Nordea Bank from a “buy” rating to a “neutral” rating in a research report on Thursday, December 4th. The Goldman Sachs Group downgraded shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Finally, Kepler Capital Markets raised Nordea Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Nordea Bank Company Profile

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.