Swedbank (OTCMKTS:SWDBY) Reaches New 12-Month High – Should You Buy?

Swedbank AB (OTCMKTS:SWDBY)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as SEK 41.51 and last traded at SEK 41.51, with a volume of 1886 shares changing hands. The stock had previously closed at SEK 40.14.

Analyst Ratings Changes

SWDBY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Swedbank in a research note on Wednesday. The Goldman Sachs Group raised shares of Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Zacks Research lowered shares of Swedbank from a “hold” rating to a “strong sell” rating in a research report on Friday, September 11th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday, July 7th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Swedbank Trading Down 1.1%

The firm has a 50-day moving average of SEK 39.46 and a 200 day moving average of SEK 37.19. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25. The stock has a market capitalization of $46.07 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 3.16 and a beta of 0.68.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%.The company had revenue of SEK 1.93 billion during the quarter. As a group, equities analysts predict that Swedbank AB will post 2.81 EPS for the current fiscal year.

About Swedbank

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its principal activities include accepting deposits, providing mortgages and other lending products, facilitating payments, and offering savings, investment and insurance services.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital and branch-based channels, Swedbank offers everyday banking, personal finance products, corporate banking, cash management and financial advice.