Swedbank (OTCMKTS:SWDBY) Sets New 1-Year High – What’s Next?

Swedbank AB (OTCMKTS:SWDBY) shares hit a new 52-week high on Friday . The company traded as high as SEK 31.82 and last traded at SEK 31.82, with a volume of 1301 shares traded. The stock had previously closed at SEK 31.56.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup reissued a “neutral” rating on shares of Swedbank in a research report on Tuesday, October 14th. Zacks Research raised Swedbank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Swedbank Stock Up 1.0%

The firm has a 50-day simple moving average of SEK 30.50 and a two-hundred day simple moving average of SEK 28.31. The stock has a market cap of $35.88 billion, a P/E ratio of 11.03 and a beta of 0.70. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 3.89.

Swedbank (OTCMKTS:SWDBY) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported SEK 0.79 EPS for the quarter, topping analysts’ consensus estimates of SEK 0.64 by SEK 0.15. The business had revenue of SEK 1.80 billion for the quarter, compared to analyst estimates of SEK 1.73 billion. Swedbank had a net margin of 26.30% and a return on equity of 16.03%. Equities research analysts expect that Swedbank AB will post 2.34 earnings per share for the current fiscal year.

About Swedbank

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.