Nordea Bank (OTCMKTS:NRDBY) Sees Unusually-High Trading Volume – Still a Buy?

Nordea Bank AB (OTCMKTS:NRDBY) shares saw unusually-high trading volume on Monday . Approximately 2,030,685 shares changed hands during trading, an increase of 333% from the previous session’s volume of 469,418 shares.The stock last traded at $19.1825 and had previously closed at $18.8950.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on NRDBY shares. Citigroup reissued a “buy” rating on shares of Nordea Bank in a research report on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of Nordea Bank in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Nordea Bank Stock Up 1.3%

The firm’s 50 day simple moving average is $18.59 and its 200 day simple moving average is $18.74. The company has a market cap of $65.16 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.89 and a beta of 0.63. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.78.

Nordea Bank (OTCMKTS:NRDBY) last released its earnings results on Wednesday, April 22nd. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). Nordea Bank had a net margin of 22.65% and a return on equity of 15.24%. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.37 billion. Sell-side analysts anticipate that Nordea Bank AB will post 1.65 EPS for the current fiscal year.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.