ABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report)’s share price reached a new 52-week high during trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $48.23 and last traded at $48.11, with a volume of 1010 shares traded. The stock had previously closed at $46.0390.
The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. ABN AMRO Bank had a return on equity of 8.64% and a net margin of 13.64%.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a research report on Thursday, May 14th. ABN Amro raised ABN AMRO Bank from a “neutral” rating to a “buy” rating in a report on Tuesday, June 2nd. Zacks Research upgraded shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of ABN AMRO Bank in a report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABN AMRO Bank in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.
ABN AMRO Bank Price Performance
The stock has a fifty day moving average of $42.78 and a two-hundred day moving average of $37.59. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.95. The stock has a market capitalization of $39.79 billion and a price-to-earnings ratio of 16.39.
ABN AMRO Bank Company Profile
ABN AMRO Bank N.V. is a leading Dutch banking institution headquartered in Amsterdam. The bank traces its origins to the 1991 merger of Algemene Bank Nederland and AMRO Bank, forming one of the Netherlands’ largest financial services providers. Over the decades, ABN AMRO has developed a comprehensive portfolio of banking and financial solutions, positioning itself as a key player in both domestic and international markets.
The bank operates across several core segments, including retail banking, private banking, commercial banking, and corporate & institutional banking.
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