Swedbank (OTCMKTS:SWDBY) Announces Earnings Results, Beats Expectations By $0.03 EPS

Swedbank (OTCMKTS:SWDBY) issued its earnings results on Thursday. The financial services provider reported SEK 0.76 earnings per share for the quarter, beating analysts’ consensus estimates of SEK 0.73 by SEK 0.03, Zacks reports. Swedbank had a return on equity of 14.84% and a net margin of 29.45%.

Swedbank Price Performance

Shares of OTCMKTS:SWDBY opened at SEK 39.89 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.25. The company has a fifty day simple moving average of SEK 40.25 and a 200 day simple moving average of SEK 38.04. The firm has a market cap of $44.85 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 2.94 and a beta of 0.71. Swedbank has a 12-month low of SEK 29.80 and a 12-month high of SEK 42.36.

Analyst Ratings Changes

A number of research firms have recently issued reports on SWDBY. Zacks Research lowered Swedbank from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. Citigroup reissued a “neutral” rating on shares of Swedbank in a research report on Monday, October 12th. Barclays upgraded Swedbank from a “cautious” rating to an “overweight” rating in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Swedbank in a report on Wednesday, September 16th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Swedbank Company Profile

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its main activities include deposit accounts, consumer and mortgage lending, business financing, payment services, card products, investment services and insurance-related offerings.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital channels, branches and other distribution networks, Swedbank offers everyday banking, savings and investment products, as well as services for corporate cash management, payments and capital financing.

Swedbank’s history is rooted in Sweden’s savings-bank movement, which dates back to the early 19th century.