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

Swedbank AB (OTCMKTS:SWDBY) shares reached a new 52-week high on Wednesday . The stock traded as high as SEK 38.21 and last traded at SEK 38.08, with a volume of 3376 shares traded. The stock had previously closed at SEK 37.20.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SWDBY shares. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday. Zacks Research lowered shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. The Goldman Sachs Group downgraded shares of Swedbank from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research report on Monday, November 24th. Finally, Barclays reaffirmed an “underweight” rating on shares of Swedbank in a research note on Wednesday, December 10th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

Swedbank Trading Down 1.3%

The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market cap of $43.03 billion, a price-to-earnings ratio of 13.23 and a beta of 0.66. The company’s 50 day simple moving average is SEK 33.89 and its two-hundred day simple moving average is SEK 30.64.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported SEK 0.79 EPS for the quarter, beating the consensus estimate of SEK 0.64 by SEK 0.15. Swedbank had a net margin of 26.30% and a return on equity of 15.55%. The business had revenue of SEK 1.80 billion for the quarter, compared to analysts’ expectations of SEK 1.73 billion. Research analysts expect that Swedbank AB will post 2.34 EPS for the current fiscal year.

Swedbank Company Profile

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.