Swedbank (OTCMKTS:SWDBY) Reaches New 52-Week High – Time to Buy?

Swedbank AB (OTCMKTS:SWDBY) hit a new 52-week high on Thursday . The stock traded as high as SEK 41.51 and last traded at SEK 41.51, with a volume of 1886 shares changing hands. The stock had previously closed at SEK 40.14.

Analyst Ratings Changes

A number of equities research analysts have commented on SWDBY shares. Zacks Research cut Swedbank from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research note on Wednesday, June 24th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Swedbank in a research note on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Swedbank from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Swedbank has a consensus rating of “Reduce”.

Swedbank Trading Up 3.5%

The stock has a market capitalization of $46.70 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 3.06 and a beta of 0.68. The stock’s fifty day moving average price is SEK 39.33 and its two-hundred day moving average price is SEK 37.14. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25.

Swedbank (OTCMKTS:SWDBY) last issued its earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 EPS for the quarter. The company had revenue of SEK 1.93 billion for the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. Equities research analysts forecast that Swedbank AB will post 2.81 EPS for the current year.

Swedbank Company Profile

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its principal activities include accepting deposits, providing mortgages and other lending products, facilitating payments, and offering savings, investment and insurance services.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital and branch-based channels, Swedbank offers everyday banking, personal finance products, corporate banking, cash management and financial advice.