Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $6.04 and traded as low as $5.23. Svenska Handelsbanken AB (publ) shares last traded at $5.30, with a volume of 180,588 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. HSBC lowered shares of Svenska Handelsbanken AB (publ) from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Hsbc Global Res cut Svenska Handelsbanken AB (publ) from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th.
View Our Latest Analysis on SVNLY
Svenska Handelsbanken AB (publ) Stock Up 0.4 %
The company has a debt-to-equity ratio of 0.18, a current ratio of 2.17 and a quick ratio of 2.08. The company has a market cap of $22.53 billion, a price-to-earnings ratio of 8.75, a price-to-earnings-growth ratio of 1.94 and a beta of 0.81. The firm's 50-day moving average price is $6.04 and its 200-day moving average price is $5.46.
Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.17 EPS 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%. Sell-side analysts forecast that Svenska Handelsbanken AB will post 0.54 earnings per share for the current fiscal year.
Svenska Handelsbanken AB (publ) Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Friday, March 28th will be given a $0.7123 dividend. This is a boost from Svenska Handelsbanken AB (publ)'s previous dividend of $0.63. The ex-dividend date of this dividend is Friday, March 28th. Svenska Handelsbanken AB (publ)'s dividend payout ratio is presently 90.77%.
About Svenska Handelsbanken AB (publ)
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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.
Further Reading
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