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

Swedbank AB (OTCMKTS:SWDBY)’s share price hit a new 52-week high on Tuesday . The company traded as high as SEK 32.73 and last traded at SEK 32.63, with a volume of 595 shares. The stock had previously closed at SEK 32.38.

Wall Street Analysts Forecast Growth

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

Swedbank Stock Performance

The company has a fifty day moving average of SEK 30.96 and a 200 day moving average of SEK 28.71. 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 stock has a market cap of $37.47 billion, a P/E ratio of 11.52 and a beta of 0.65.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings data on Thursday, October 23rd. The financial services provider reported SEK 0.79 EPS for the quarter, topping analysts’ consensus estimates of SEK 0.64 by SEK 0.15. The company had revenue of SEK 1.80 billion for the quarter, compared to the consensus estimate of SEK 1.73 billion. Swedbank had a return on equity of 15.55% and a net margin of 26.30%. On average, equities analysts predict that Swedbank AB will post 2.34 earnings per share for the current fiscal year.

Swedbank Company Profile

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.