Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Hits New 1-Year High - Time to Buy?

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $6.42 and last traded at $6.39, with a volume of 58506 shares changing hands. The stock had previously closed at $6.22.

Svenska Handelsbanken AB (publ) Stock Performance

The stock's 50-day moving average price is $5.68 and its 200-day moving average price is $5.28. The company has a market capitalization of $26.33 billion, a price-to-earnings ratio of 10.23, a P/E/G ratio of 1.94 and a beta of 0.83. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.08 and a current ratio of 2.17.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. Svenska Handelsbanken AB (publ) had a return on equity of 13.62% and a net margin of 14.89%. As a group, equities research analysts expect that Svenska Handelsbanken AB will post 0.54 earnings per share for the current year.

Svenska Handelsbanken AB (publ) Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.7123 per share. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Svenska Handelsbanken AB (publ)'s previous dividend of $0.63. Svenska Handelsbanken AB (publ)'s payout ratio is 56.92%.

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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.