Swedbank (OTCMKTS:SWDBY) Sees Large Volume Increase – What’s Next?

Swedbank AB (OTCMKTS:SWDBY) shares saw unusually-strong trading volume on Thursday . Approximately 28,069 shares changed hands during mid-day trading, an increase of 28% from the previous session’s volume of 21,950 shares.The stock last traded at SEK 35.77 and had previously closed at SEK 35.94.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SWDBY shares. The Goldman Sachs Group lowered Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. Citigroup reissued a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. Zacks Research upgraded shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Barclays reaffirmed an “underweight” rating on shares of Swedbank in a research note on Wednesday, December 10th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Swedbank Stock Down 1.4%

The stock has a fifty day moving average of SEK 37.94 and a 200-day moving average of SEK 33.63. The firm has a market capitalization of $39.89 billion, a price-to-earnings ratio of 11.98 and a beta of 0.69. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 3.42.

Swedbank (OTCMKTS:SWDBY) last announced its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 EPS for the quarter, beating the consensus estimate of SEK 0.67 by SEK 0.10. Swedbank had a return on equity of 15.50% and a net margin of 30.27%.The business had revenue of SEK 1.84 billion during the quarter, compared to the consensus estimate of SEK 1.79 billion. As a group, sell-side analysts expect that Swedbank AB will post 2.34 EPS for the current 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.