Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sets New 12-Month High on Earnings Beat

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY)’s stock price hit a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $8.26 and last traded at $8.13, with a volume of 344394 shares changing hands. The stock had previously closed at $8.00.

The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.10. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Svenska Handelsbanken Ab Publ had a return on equity of 12.80% and a net margin of 15.97%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley reissued an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Friday, January 9th. Citigroup reiterated a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, October 14th. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Trading Up 1.6%

The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $32.20 billion, a P/E ratio of 13.33 and a beta of 0.57. The firm’s 50-day simple moving average is $7.35 and its 200 day simple moving average is $6.75.

Svenska Handelsbanken Ab Publ Company Profile

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.