Nordea Bank AB (OTCMKTS:NRDBY) Short Interest Update

Nordea Bank AB (OTCMKTS:NRDBY – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 10,130 shares, a decrease of 82.3% from the August 31st total of 57,304 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 175,352 shares, the short-interest ratio is presently 0.1 days.

Nordea Bank Stock Up 0.8%

NRDBY stock traded up $0.17 during midday trading on Friday, hitting $20.52. The stock had a trading volume of 59,797 shares, compared to its average volume of 91,169. The business has a 50-day moving average of $20.21 and a two-hundred day moving average of $19.15. The company has a debt-to-equity ratio of 6.79, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $69.84 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.52 and a beta of 0.63. Nordea Bank has a 52-week low of $16.06 and a 52-week high of $21.39.

Get Nordea Bank alerts:

Nordea Bank (OTCMKTS:NRDBY – Get Free Report) last announced its earnings results on Thursday, July 16th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.41 billion. Nordea Bank had a net margin of 22.82% and a return on equity of 15.18%. As a group, equities research analysts forecast that Nordea Bank will post 1.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NRDBY shares. Citigroup reiterated a “buy” rating on shares of Nordea Bank in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nordea Bank in a report on Wednesday, September 16th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Nordea Bank in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

View Our Latest Research Report on Nordea Bank

Nordea Bank Company Profile

(Get Free Report)

Nordea Bank Abp is a financial services group headquartered in Helsinki, Finland, serving personal, business and institutional customers across the Nordic region. Its primary markets are Finland, Sweden, Norway and Denmark, with additional operations supporting selected international and Baltic customers.

The company provides retail banking services such as deposit accounts, mortgages, consumer finance, payment solutions, cards and digital banking. Nordea also offers corporate and investment banking, including lending, cash management, financial markets, advisory and capital-markets services.

See Also

• Five stocks we like better than Nordea Bank
• 3 Defense Stocks Riding Nuclear, Missile, and Aerospace Demand
• SoFi Is Bypassing the Banking Bottleneck With Stablecoin Settlement
• These 3 Overlooked Stocks Have Big Money Behind Them
• Darden Restaurants Serves Up Fresh Catalysts for a Stock Price Rally

Receive News & Ratings for Nordea Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordea Bank and related companies with MarketBeat.com's FREE daily email newsletter.