Swedbank (OTCMKTS:SWDBY) Raised to “Hold” at Zacks Research

Swedbank (OTCMKTS:SWDBY) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday, Zacks reports.

A number of other equities analysts also recently issued reports on SWDBY. Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Monday, October 12th. The Goldman Sachs Group upgraded shares of Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Barclays raised shares of Swedbank from a “cautious” rating to an “overweight” rating in a report on Friday, October 9th. Finally, Deutsche Bank restated a “buy” rating on shares of Swedbank in a research report on Wednesday, September 16th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Swedbank presently has a consensus rating of “Hold”.

Swedbank Stock Performance

OTCMKTS:SWDBY opened at SEK 41.83 on Wednesday. The stock has a fifty day moving average price of SEK 40.49 and a two-hundred day moving average price of SEK 38.07. The stock has a market capitalization of $47.02 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 2.09 and a beta of 0.69. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.47 and a current ratio of 1.47. Swedbank has a 1 year low of SEK 29.80 and a 1 year high of SEK 42.62.

Swedbank (OTCMKTS:SWDBY) last released its earnings results on Thursday, October 22nd. The financial services provider reported SEK 0.76 EPS for the quarter, beating analysts’ consensus estimates of SEK 0.73 by SEK 0.03. The company had revenue of SEK 1.86 billion during the quarter. Swedbank had a return on equity of 14.76% and a net margin of 28.94%. As a group, sell-side analysts anticipate that Swedbank will post 2.81 earnings per share for the current fiscal year.

About Swedbank

Swedbank is a Swedish banking group serving individuals, businesses and financial institutions. Its services include everyday banking and payments, savings and investment products, mortgages and other lending, and corporate banking. The bank has a long history rooted in Sweden’s savings bank movement, which dates to the early 19th century. Today, its main markets are Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Swedbank is headquartered in Stockholm. Jens Henriksson has served as the group’s president and chief executive officer since 2019.