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

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 traded.

Analyst Ratings Changes

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

Swedbank Price Performance

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 stock’s fifty day moving average price is SEK 37.96 and its 200-day moving average price is SEK 33.83. The firm has a market cap of $39.58 billion, a PE ratio of 11.88 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported SEK 0.77 EPS for the quarter, topping analysts’ consensus estimates of SEK 0.67 by SEK 0.10. The firm had revenue of SEK 1.84 billion for the quarter, compared to the consensus estimate of SEK 1.79 billion. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. As a group, equities analysts forecast that Swedbank AB will post 2.34 EPS for the current fiscal 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.