Swedbank (OTCMKTS:SWDBY) Reaches New 12-Month High – What’s Next?

Swedbank AB (OTCMKTS:SWDBY)’s stock price reached a new 52-week high on Friday . The stock traded as high as SEK 34.20 and last traded at SEK 34.16, with a volume of 5520 shares changing hands. The stock had previously closed at SEK 33.66.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Tuesday, October 14th. The Goldman Sachs Group lowered shares of Swedbank from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. Zacks Research raised Swedbank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research note on Monday, November 24th. Finally, Barclays restated an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Swedbank Stock Performance

The company has a debt-to-equity ratio of 3.83, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market cap of $38.39 billion, a price-to-earnings ratio of 11.81 and a beta of 0.65. The stock has a 50-day moving average price of SEK 31.35 and a 200 day moving average price of SEK 28.98.

Swedbank (OTCMKTS:SWDBY) last posted its earnings results on Thursday, October 23rd. The financial services provider reported SEK 0.79 earnings per share (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 during the quarter, compared to analysts’ expectations of SEK 1.73 billion. Swedbank had a return on equity of 15.55% and a net margin of 26.30%. As a group, analysts anticipate that Swedbank AB will post 2.34 EPS for the current fiscal 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.