Swedbank (OTCMKTS:SWDBY) Reaches New 52-Week High – Time to Buy?

Swedbank AB (OTCMKTS:SWDBY)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as SEK 35.79 and last traded at SEK 35.75, with a volume of 3414 shares trading hands. The stock had previously closed at SEK 35.58.

Analyst Ratings Changes

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

Swedbank Stock Up 0.3%

The stock has a 50-day moving average of SEK 32.76 and a 200-day moving average of SEK 30.01. 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 firm has a market cap of $40.16 billion, a price-to-earnings ratio of 12.35 and a beta of 0.66.

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, beating analysts’ consensus estimates of SEK 0.64 by SEK 0.15. Swedbank had a return on equity of 15.55% and a net margin of 26.30%.The firm had revenue of SEK 1.80 billion during the quarter, compared to the consensus estimate of SEK 1.73 billion. Sell-side analysts predict 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.