Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Sets New 52-Week High – Time to Buy?

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $6.67 and last traded at $6.63, with a volume of 58170 shares changing hands. The stock had previously closed at $6.48.

Svenska Handelsbanken AB (publ) Trading Up 2.3 %

The company has a quick ratio of 2.08, a current ratio of 2.17 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $26.26 billion, a P/E ratio of 10.20, a P/E/G ratio of 1.94 and a beta of 0.87. The firm’s 50-day moving average price is $6.00 and its 200 day moving average price is $5.41.

Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Svenska Handelsbanken AB (publ) had a return on equity of 13.62% and a net margin of 14.89%. As a group, equities research analysts predict that Svenska Handelsbanken AB will post 0.54 earnings per share for the current year.

Svenska Handelsbanken AB (publ) Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, March 28th will be given a $0.7123 dividend. This is a positive change from Svenska Handelsbanken AB (publ)’s previous dividend of $0.63. The ex-dividend date of this dividend is Friday, March 28th. Svenska Handelsbanken AB (publ)’s dividend payout ratio is presently 90.77%.

About Svenska Handelsbanken AB (publ)

Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, Finland, and Poland. The company offers savings, transactions, business, currency, and investment accounts, as well as accounts for cash pool, and forestry and agriculture; mortgage and committed loans, and private loans; mutual funds; pension products; credit and debit cards; and payment and reconciliation services, as well as foreign exchange rate services.