Nordea Bank (OTCMKTS:NRDBY) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Nordea Bank (OTCMKTS:NRDBY) posted its earnings results on Wednesday. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01), Zacks reports. Nordea Bank had a net margin of 22.36% and a return on equity of 15.61%.

Nordea Bank Price Performance

NRDBY stock traded up $0.27 on Wednesday, reaching $18.87. 5,620 shares of the company’s stock were exchanged, compared to its average volume of 417,547. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.33. The firm has a market cap of $64.36 billion, a PE ratio of 11.94, a P/E/G ratio of 2.07 and a beta of 0.63. Nordea Bank has a twelve month low of $13.22 and a twelve month high of $20.61. The stock has a fifty day moving average of $18.56 and a 200-day moving average of $18.30.

Analyst Ratings Changes

A number of research analysts have weighed in on NRDBY shares. Citigroup reaffirmed a “buy” rating on shares of Nordea Bank in a report on Thursday, January 15th. Zacks Research raised shares of Nordea Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Nordea Bank currently has a consensus rating of “Hold”.

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.