Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY) Sets New 1-Year High on Earnings Beat

Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY)’s stock price reached a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $8.26 and last traded at $8.13, with a volume of 344394 shares changing hands. The stock had previously closed at $8.00.

The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.10. Svenska Handelsbanken Ab Publ had a net margin of 16.69% and a return on equity of 14.42%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.53 billion.

Wall Street Analyst Weigh In

SVNLY has been the subject of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research report on Tuesday, October 14th. Morgan Stanley restated an “underweight” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce”.

Svenska Handelsbanken Ab Publ Stock Up 1.7%

The stock’s fifty day simple moving average is $7.38 and its 200 day simple moving average is $6.77. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.18.

About Svenska Handelsbanken Ab Publ

Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.

In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.