Swedbank (OTCMKTS:SWDBY) Sees Strong Trading Volume – Here’s Why

Swedbank AB (OTCMKTS:SWDBY) shares saw an uptick in trading volume on Wednesday . Approximately 65,727 shares were traded during trading, an increase of 137% from the previous session’s volume of 27,750 shares.The stock last traded at SEK 39.52 and had previously closed at SEK 39.73.

Analyst Upgrades and Downgrades

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

Swedbank Trading Down 0.6%

The business has a 50 day moving average of SEK 38.25 and a two-hundred day moving average of SEK 37.06. The firm has a market cap of $44.37 billion, a P/E ratio of 13.38, a PEG ratio of 2.19 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 released its quarterly earnings data 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 for the quarter. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. Analysts predict that Swedbank AB will post 2.97 earnings per share 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.