Swedbank (OTCMKTS:SWDBY) Shares Gap Down – Here’s What Happened

Swedbank AB (OTCMKTS:SWDBY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at SEK 36.28, but opened at SEK 34.67. Swedbank shares last traded at SEK 34.98, with a volume of 7,889 shares.

Analyst Upgrades and Downgrades

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

Swedbank Price Performance

The stock has a market capitalization of $40.74 billion, a P/E ratio of 12.23 and a beta of 0.69. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.50 and a current ratio of 1.51. The firm has a 50-day moving average price of SEK 37.94 and a 200 day moving average price of SEK 33.90.

Swedbank (OTCMKTS:SWDBY) last released its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share for the quarter, topping analysts’ consensus estimates of SEK 0.67 by SEK 0.10. The company had revenue of SEK 1.84 billion during the quarter, compared to the consensus estimate of SEK 1.79 billion. Swedbank had a return on equity of 15.50% and a net margin of 30.27%. On average, analysts expect that Swedbank AB will post 2.34 EPS for the current 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.