Swedbank (OTCMKTS:SWDBY) Issues Quarterly Earnings Results

Swedbank (OTCMKTS:SWDBY) posted its quarterly earnings results on Thursday. The financial services provider reported SEK 0.77 earnings per share for the quarter, beating analysts’ consensus estimates of SEK 0.67 by SEK 0.10, Zacks reports. Swedbank had a return on equity of 15.55% and a net margin of 26.30%.

Swedbank Price Performance

Shares of Swedbank stock traded down SEK 0.11 on Thursday, hitting SEK 39.11. The company had a trading volume of 3,142 shares, compared to its average volume of 16,997. The company has a market cap of $44.01 billion, a PE ratio of 13.53 and a beta of 0.66. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.50 and a quick ratio of 1.50. Swedbank has a 52 week low of SEK 19.16 and a 52 week high of SEK 40.22. The business has a 50-day simple moving average of SEK 34.58 and a 200-day simple moving average of SEK 31.02.

Analysts Set New Price Targets

Several brokerages have weighed in on SWDBY. Zacks Research downgraded Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a report on Monday, November 24th. Barclays reaffirmed an “underweight” rating on shares of Swedbank in a research note on Wednesday, December 10th. The Goldman Sachs Group lowered shares of Swedbank from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. Finally, Citigroup reissued a “neutral” rating on shares of Swedbank in a research report on Tuesday, January 20th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

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.