ABN AMRO Bank (OTCMKTS:AAVMY) Shares Gap Down – Should You Sell?

ABN AMRO Bank (OTCMKTS:AAVMY)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $47.60, but opened at $45.03. ABN AMRO Bank shares last traded at $45.07, with a volume of 514 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AAVMY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Citigroup restated a “buy” rating on shares of ABN AMRO Bank in a research report on Friday, September 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of ABN AMRO Bank in a research note on Wednesday, September 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a report 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 note on Tuesday, June 30th. One research 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 company’s stock. According to MarketBeat.com, ABN AMRO Bank has an average rating of “Buy”.

ABN AMRO Bank Trading Up 0.4%

The company has a debt-to-equity ratio of 2.97, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $37.24 billion and a price-to-earnings ratio of 14.01. The business’s 50-day simple moving average is $48.20 and its 200-day simple moving average is $41.88.

ABN AMRO Bank (OTCMKTS:AAVMY) last released its quarterly earnings results on Wednesday, August 12th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.92 by $0.13. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.67 billion. Research analysts predict that ABN AMRO Bank will post 3.63 earnings per share for the current fiscal year.

ABN AMRO Bank Company Profile

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The bank provides retail, private and corporate banking services, with the Netherlands as its principal market. Its offerings include current and savings accounts, mortgages, consumer lending, payment services, business financing, cash management and other financial solutions.

Through its Wealth Management business, ABN AMRO serves affluent individuals, families and institutions with investment management, financial planning and private banking services.