Swedbank (OTCMKTS:SWDBY) Announces Quarterly Earnings Results

Swedbank (OTCMKTS:SWDBY) announced its quarterly earnings data on Wednesday. The financial services provider reported SEK 0.71 EPS for the quarter, Zacks reports. Swedbank had a net margin of 30.22% and a return on equity of 15.02%. The business had revenue of SEK 1.87 billion during the quarter.

Swedbank Stock Performance

SWDBY opened at SEK 35.27 on Friday. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.51 and a quick ratio of 1.50. The firm has a fifty day moving average price of SEK 35.89 and a 200 day moving average price of SEK 34.81. Swedbank has a 1 year low of SEK 24.56 and a 1 year high of SEK 40.58. The stock has a market cap of $39.65 billion, a P/E ratio of 11.80, a P/E/G ratio of 4.56 and a beta of 0.72.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Zacks Research cut shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Citigroup restated a “neutral” rating on shares of Swedbank in a research note on Tuesday, January 20th. Finally, Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research note on Thursday, February 12th. Three research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

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.