Nordea Bank Abp (OTCMKTS:NRDBY) Short Interest Down 55.0% in February

Nordea Bank Abp (OTCMKTS:NRDBY) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 87,800 shares, a decline of 55.0% from the February 13th total of 195,100 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 871,400 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Morgan Stanley restated an “overweight” rating on shares of Nordea Bank Abp in a research note on Friday, March 7th. Barclays restated an “overweight” rating on shares of Nordea Bank Abp in a research report on Monday, February 3rd.

Nordea Bank Abp Stock Down 0.9 %

Shares of NRDBY opened at $13.99 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.27 and a debt-to-equity ratio of 6.03. Nordea Bank Abp has a 52-week low of $10.30 and a 52-week high of $14.57. The stock has a fifty day simple moving average of $12.47 and a two-hundred day simple moving average of $11.83. The company has a market capitalization of $48.93 billion, a PE ratio of 9.03, a price-to-earnings-growth ratio of 0.88 and a beta of 0.94.

Nordea Bank Abp (OTCMKTS:NRDBY) last posted its earnings results on Monday, February 3rd. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Nordea Bank Abp had a net margin of 19.84% and a return on equity of 16.29%. As a group, equities analysts forecast that Nordea Bank Abp will post 1.4 EPS for the current year.

Nordea Bank Abp Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, April 7th. Stockholders of record on Monday, March 24th will be paid a $0.9791 dividend. The ex-dividend date of this dividend is Monday, March 24th. Nordea Bank Abp’s dividend payout ratio (DPR) is presently 60.00%.

Nordea Bank Abp Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.