Swedbank (OTCMKTS:SWDBY) Hits New 12-Month High – Here’s What Happened

Swedbank AB (OTCMKTS:SWDBY)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as SEK 40.73 and last traded at SEK 40.72, with a volume of 825 shares traded. The stock had previously closed at SEK 40.28.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Swedbank in a report on Thursday. Citigroup reiterated a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. The Goldman Sachs Group raised Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Swedbank Price Performance

The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.25. The company has a market cap of $45.89 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 2.19 and a beta of 0.68. The stock’s 50-day simple moving average is SEK 37.35 and its 200 day simple moving average is SEK 36.91.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share for the quarter. The business had revenue of SEK 1.93 billion during the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. On average, equities research analysts anticipate that Swedbank AB will post 2.97 EPS for the current fiscal year.

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.