Banco de Sabadell Completes Capital Reduction via Share Buyback

Banco de Sabadell ( (ES:SAB) ) just unveiled an update.

Banco de Sabadell has announced the completion of a capital reduction by canceling treasury shares acquired under its Buyback Program, following approval from the European Central Bank. This move reduces the bank’s share capital by approximately 1.85%, aligning with strategic financial management and enhancing shareholder value without affecting creditors or requiring bondholder consent.

The most recent analyst rating on (ES:SAB) stock is a Hold with a EUR2.70 price target. To see the full list of analyst forecasts on Banco de Sabadell stock, see the ES:SAB Stock Forecast page.

More about Banco de Sabadell

Banco de Sabadell is a prominent financial institution operating in the banking industry, offering a range of financial services including retail banking, corporate banking, and investment services. It focuses on providing comprehensive banking solutions to individuals, businesses, and institutions, with a significant presence in the Spanish market.

Average Trading Volume: 18,507,008

Technical Sentiment Signal: Buy

Current Market Cap: €14.98B

See more data about SAB stock on TipRanks’ Stock Analysis page.