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

Swedbank AB (OTCMKTS:SWDBY)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as SEK 41.51 and last traded at SEK 41.51, with a volume of 1886 shares. The stock had previously closed at SEK 40.14.

Analyst Ratings Changes

A number of research firms recently commented on SWDBY. Zacks Research lowered shares of Swedbank from a “hold” rating to a “strong sell” rating in a report on Friday, September 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Swedbank in a report on Wednesday. The Goldman Sachs Group raised shares of Swedbank from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Tuesday, July 7th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Swedbank presently has an average rating of “Reduce”.

Swedbank Price Performance

The business’s 50 day moving average price is SEK 39.33 and its two-hundred day moving average price is SEK 37.14. The stock has a market cap of $46.70 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 3.06 and a beta of 0.68. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25.

Swedbank (OTCMKTS:SWDBY) last announced its quarterly earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. The company had revenue of SEK 1.93 billion for the quarter. As a group, sell-side analysts expect that Swedbank AB will post 2.81 earnings per share for the current fiscal year.

Swedbank Company Profile

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its principal activities include accepting deposits, providing mortgages and other lending products, facilitating payments, and offering savings, investment and insurance services.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital and branch-based channels, Swedbank offers everyday banking, personal finance products, corporate banking, cash management and financial advice.