Swedbank (OTCMKTS:SWDBY) Sees Strong Trading Volume – Should You Buy?

Swedbank AB (OTCMKTS:SWDBY) saw unusually-strong trading volume on Friday . Approximately 46,349 shares changed hands during trading, an increase of 137% from the previous session’s volume of 19,524 shares.The stock last traded at SEK 34.90 and had previously closed at SEK 34.90.

Wall Street Analysts Forecast Growth

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

Swedbank Stock Up 0.1%

The firm has a market capitalization of $39.29 billion, a price-to-earnings ratio of 12.08 and a beta of 0.65. 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 business’s 50 day moving average is SEK 31.78 and its 200-day moving average is SEK 29.25.

Swedbank (OTCMKTS:SWDBY) last released its earnings results on Thursday, October 23rd. The financial services provider reported SEK 0.79 earnings per share for the quarter, topping analysts’ consensus estimates of SEK 0.64 by SEK 0.15. The firm had revenue of SEK 1.80 billion during 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 15.55%. Equities analysts anticipate 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.