Swedbank (OTCMKTS:SWDBY) Shares Gap Up – Should You Buy?

Swedbank AB (OTCMKTS:SWDBY)’s share price gapped up prior to trading on Friday . The stock had previously closed at SEK 35.33, but opened at SEK 36.86. Swedbank shares last traded at SEK 36.84, with a volume of 2,273 shares.

Analyst Upgrades and Downgrades

SWDBY has been the subject of several analyst reports. Zacks Research cut shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a research note on Thursday, May 7th. Finally, Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell”.

Swedbank Stock Up 1.8%

The firm’s 50-day moving average price is SEK 35.53 and its 200 day moving average price is SEK 35.85. The company has a market capitalization of $41.72 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.87 and a beta of 0.69. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 3.42.

Swedbank (OTCMKTS:SWDBY) last issued its earnings results on Wednesday, April 29th. The financial services provider reported SEK 0.71 EPS for the quarter. The company had revenue of SEK 1.87 billion during the quarter. Swedbank had a net margin of 30.22% and a return on equity of 15.02%. On average, sell-side analysts forecast that Swedbank AB will post 3.07 EPS for the current fiscal year.

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.