ABN AMRO Bank (OTCMKTS:AAVMY) Sees Strong Trading Volume – Still a Buy?

ABN AMRO Bank (OTCMKTS:AAVMY) saw unusually-high trading volume on Friday. Approximately 35,224 shares changed hands during trading, an increase of 61% from the previous session’s volume of 21,883 shares. The stock last traded at $45.3250 and had previously closed at $45.23.

Analyst Ratings Changes

AAVMY has been the topic of several recent research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Morgan Stanley restated an “overweight” rating on shares of ABN AMRO Bank in a research note on Wednesday, September 2nd. Citigroup reaffirmed a “buy” rating on shares of ABN AMRO Bank in a research note on Friday, September 18th. Finally, Zacks Research raised shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

ABN AMRO Bank Stock Down 0.1%

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.97. The business’s 50 day simple moving average is $48.19 and its 200 day simple moving average is $41.86. The company has a market capitalization of $37.06 billion and a PE ratio of 13.94.

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