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

Shares of Swedbank AB (OTCMKTS:SWDBY) saw an uptick in trading volume on Thursday . 12,375 shares traded hands during mid-day trading, a decline of 18% from the previous session’s volume of 15,160 shares.The stock last traded at SEK 37.37 and had previously closed at SEK 36.62.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SWDBY shares. Zacks Research cut shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group cut Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research report on Monday, November 24th. Barclays reiterated 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 research report on Tuesday, October 14th. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Swedbank Stock Up 2.2%

The stock has a market cap of $42.11 billion, a price-to-earnings ratio of 12.95 and a beta of 0.66. The firm’s fifty day moving average price is SEK 33.09 and its two-hundred day moving average price is SEK 30.19. 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 (OTCMKTS:SWDBY) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported SEK 0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of SEK 0.64 by SEK 0.15. Swedbank had a net margin of 26.30% and a return on equity of 15.55%. The business had revenue of SEK 1.80 billion during the quarter, compared to the consensus estimate of SEK 1.73 billion. Sell-side analysts forecast that Swedbank AB will post 2.34 earnings per share 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.