Swedbank AB (publ) (OTCMKTS:SWDBY) Stock Passes Below Fifty Day Moving Average of $20.78

Swedbank AB (publ) (OTCMKTS:SWDBY)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of SEK 20.78 and traded as low as SEK 19.14. Swedbank AB (publ) shares last traded at SEK 19.21, with a volume of 12,100 shares.

Swedbank AB (publ) Price Performance

The company has a market cap of $22.18 billion, a PE ratio of 6.69, a PEG ratio of 0.80 and a beta of 1.00. The company has a debt-to-equity ratio of 4.59, a quick ratio of 1.49 and a current ratio of 1.49. The company’s 50-day simple moving average is SEK 20.78 and its 200 day simple moving average is SEK 19.60.

Swedbank AB (publ) (OTCMKTS:SWDBY) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported SEK 0.72 earnings per share for the quarter. The business had revenue of SEK 1.74 billion during the quarter. Swedbank AB (publ) had a return on equity of 18.67% and a net margin of 26.65%. On average, sell-side analysts predict that Swedbank AB will post 2.19 earnings per share for the current fiscal year.

Swedbank AB (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $1.4797 per share. This is a boost from Swedbank AB (publ)’s previous dividend of $0.76. The ex-dividend date was Wednesday, March 27th. Swedbank AB (publ)’s payout ratio is presently 33.11%.

Swedbank AB (publ) Company Profile

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.