Swedbank (OTCMKTS:SWDBY) Reaches New 52-Week High – What’s Next?

Swedbank AB (OTCMKTS:SWDBY) shares reached a new 52-week high during trading on Monday. The stock traded as high as SEK 42.38 and last traded at SEK 42.38, with a volume of 16,850 shares trading hands. The stock had previously closed at SEK 40.50.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SWDBY shares. The Goldman Sachs Group raised shares of Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Deutsche Bank reissued a “buy” rating on shares of Swedbank in a research report on Wednesday, September 16th. Zacks Research downgraded shares of Swedbank from a “hold” rating to a “strong sell” rating in a report on Friday, September 11th. Barclays raised shares of Swedbank from a “cautious” rating to an “overweight” rating in a research report on Friday, October 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research note on Monday, October 12th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Swedbank Price Performance

The company has a 50 day simple moving average of SEK 40.39 and a 200 day simple moving average of SEK 38.04. The company has a market capitalization of $47.33 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 3.10 and a beta of 0.69. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.25.

Swedbank (OTCMKTS:SWDBY) last released its quarterly earnings data on Thursday, October 22nd. The financial services provider reported SEK 0.76 earnings per share for the quarter, beating the consensus estimate of SEK 0.73 by SEK 0.03. Swedbank had a return on equity of 14.76% and a net margin of 28.94%. The business had revenue of SEK 1.86 billion for the quarter. As a group, research analysts predict that Swedbank AB will post 2.74 EPS for the current year.

About Swedbank

Swedbank is a Swedish banking group serving individuals, businesses and financial institutions. Its services include everyday banking and payments, savings and investment products, mortgages and other lending, and corporate banking. The bank has a long history rooted in Sweden’s savings bank movement, which dates to the early 19th century. Today, its main markets are Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Swedbank is headquartered in Stockholm. Jens Henriksson has served as the group’s president and chief executive officer since 2019.