Swedbank (OTCMKTS:SWDBY) Hits New 1-Year High – Here’s Why

Swedbank AB (OTCMKTS:SWDBY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as SEK 40.73 and last traded at SEK 40.72, with a volume of 825 shares changing hands. The stock had previously closed at SEK 40.28.

Analyst Ratings Changes

SWDBY has been the topic of several research reports. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. Citigroup reissued a “neutral” rating on shares of Swedbank in a report on Tuesday, July 7th. The Goldman Sachs Group raised shares of Swedbank from a “sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Swedbank in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

Swedbank Stock Performance

The firm has a 50-day moving average of SEK 37.51 and a two-hundred day moving average of SEK 36.96. The firm has a market capitalization of $45.72 billion, a P/E ratio of 13.79, a P/E/G ratio of 2.24 and a beta of 0.68. 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 posted its earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 EPS for the quarter. The firm had revenue of SEK 1.93 billion during the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. On average, analysts anticipate that Swedbank AB will post 2.97 EPS for the current 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.