Swedbank (OTCMKTS:SWDBY) Sees Strong Trading Volume – Here’s What Happened

Swedbank AB (OTCMKTS:SWDBY) saw unusually-strong trading volume on Wednesday . 103,880 shares were traded during mid-day trading, an increase of 271% from the previous session’s volume of 28,007 shares.The stock last traded at SEK 37.78 and had previously closed at SEK 37.11.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research note on Thursday, May 7th. Zacks Research cut shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell”.

Swedbank Price Performance

The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.50 and a current ratio of 1.51. The firm has a market capitalization of $41.91 billion, a PE ratio of 12.47, a PEG ratio of 1.96 and a beta of 0.69. The company has a fifty day moving average price of SEK 35.80 and a 200-day moving average price of SEK 36.06.

Swedbank (OTCMKTS:SWDBY) last posted its earnings results on Wednesday, April 29th. The financial services provider reported SEK 0.71 earnings per share for the quarter. Swedbank had a net margin of 30.22% and a return on equity of 15.02%. The firm had revenue of SEK 1.87 billion during the quarter. As a group, analysts expect that Swedbank AB will post 3.07 earnings per share for the current 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.