Swedbank (OTCMKTS:SWDBY) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Swedbank (OTCMKTS:SWDBY) announced its quarterly earnings data on Thursday. The financial services provider reported SEK 0.76 earnings per share for the quarter, topping analysts’ consensus estimates of SEK 0.73 by SEK 0.03, Zacks reports. Swedbank had a net margin of 29.45% and a return on equity of 14.84%.

Swedbank Price Performance

Shares of OTCMKTS SWDBY traded down SEK 1.39 during midday trading on Thursday, reaching SEK 38.99. The stock had a trading volume of 1,524 shares, compared to its average volume of 28,096. The company has a market capitalization of $43.83 billion, a price-to-earnings ratio of 13.22, a price-to-earnings-growth ratio of 2.94 and a beta of 0.71. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a 50-day moving average of SEK 40.25 and a 200-day moving average of SEK 38.04. Swedbank has a 12-month low of SEK 29.80 and a 12-month high of SEK 42.36.

Wall Street Analyst Weigh In

Several analysts have commented on SWDBY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Swedbank in a research note on Wednesday, September 16th. Barclays raised Swedbank from a “cautious” rating to an “overweight” rating in a research report on Friday, October 9th. Citigroup reissued a “neutral” rating on shares of Swedbank in a report on Monday, October 12th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. Finally, Zacks Research downgraded Swedbank from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Swedbank

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its main activities include deposit accounts, consumer and mortgage lending, business financing, payment services, card products, investment services and insurance-related offerings.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital channels, branches and other distribution networks, Swedbank offers everyday banking, savings and investment products, as well as services for corporate cash management, payments and capital financing.

Swedbank’s history is rooted in Sweden’s savings-bank movement, which dates back to the early 19th century.