ABN AMRO Bank (OTCMKTS:AAVMY) Sees Large Volume Increase – Here’s What Happened

Shares of ABN AMRO Bank (OTCMKTS:AAVMY) saw an uptick in trading volume on Thursday . Approximately 93,354 shares changed hands during trading, an increase of 340% from the previous session’s volume of 21,193 shares.The stock last traded at $49.95 and had previously closed at $49.68.

Analyst Ratings Changes

A number of brokerages have weighed in on AAVMY. Royal Bank Of Canada reissued an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Citigroup reaffirmed a “buy” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, ABN AMRO Bank presently has a consensus rating of “Buy”.

ABN AMRO Bank Stock Up 0.6%

The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $40.99 billion and a price-to-earnings ratio of 15.42. The business’s 50 day moving average is $46.51 and its 200 day moving average is $39.98.

ABN AMRO Bank (OTCMKTS:AAVMY) last announced 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 company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.67 billion. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%. Equities analysts expect that ABN AMRO Bank will post 3.76 earnings per share for the current year.

ABN AMRO Bank Company Profile

ABN AMRO Bank N.V. is a Netherlands-based financial institution headquartered in Amsterdam. The bank provides banking and financial services to retail, private, and corporate customers, with a primary focus on the Dutch market and selected activities in Northwest Europe.

Its services include current and savings accounts, consumer lending, mortgages, payment services, investment products, wealth management, and insurance-related solutions. For business customers, ABN AMRO offers lending, cash management, corporate finance, trade finance, capital markets, and other advisory services.