Svenska Handelsbanken AB (publ) (OTCMKTS:SVNLY) Reaches New 1-Year High – Time to Buy?

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

Svenska Handelsbanken AB (publ) Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.08 and a current ratio of 2.17. The firm has a fifty day simple moving average of $6.05 and a two-hundred day simple moving average of $5.43. The firm has a market cap of $25.78 billion, a PE ratio of 10.02, a PEG ratio of 1.94 and a beta of 0.87.

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

Svenska Handelsbanken AB (publ) Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, March 28th will be issued a $0.7123 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Svenska Handelsbanken AB (publ)’s previous dividend of $0.63. Svenska Handelsbanken AB (publ)’s payout ratio is 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.