Swedbank (OTCMKTS:SWDBY) Shares Gap Down – Time to Sell?

Shares of Swedbank AB (OTCMKTS:SWDBY) gapped down before the market opened on Wednesday . The stock had previously closed at SEK 34.91, but opened at SEK 33.90. Swedbank shares last traded at SEK 34.84, with a volume of 1,184 shares traded.

Wall Street Analysts Forecast Growth

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

Swedbank Price Performance

The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 3.83. The business has a 50-day moving average of SEK 31.60 and a 200 day moving average of SEK 29.17. The firm has a market capitalization of $39.08 billion, a PE ratio of 12.02 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of SEK 0.64 by SEK 0.15. The firm had revenue of SEK 1.80 billion for the quarter, compared to the consensus estimate of SEK 1.73 billion. Swedbank had a net margin of 26.30% and a return on equity of 15.55%. As a group, research 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.