Swedbank (OTCMKTS:SWDBY) Sets New 52-Week High – Should You Buy?

Swedbank AB (OTCMKTS:SWDBY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as SEK 38.21 and last traded at SEK 38.08, with a volume of 3376 shares changing hands. The stock had previously closed at SEK 37.20.

Analyst Upgrades and Downgrades

SWDBY has been the subject of a number of research reports. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a report on Monday, November 24th. Barclays reissued an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research note on Tuesday. Zacks Research lowered Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, The Goldman Sachs Group downgraded Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Swedbank Price Performance

The firm has a market cap of $42.81 billion, a P/E ratio of 13.16 and a beta of 0.66. The company has a fifty day moving average of SEK 33.62 and a 200-day moving average of SEK 30.53. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.50 and a quick ratio of 1.50.

Swedbank (OTCMKTS:SWDBY) last announced its earnings results on Thursday, October 23rd. The financial services provider reported SEK 0.79 EPS for the quarter, beating the consensus estimate of SEK 0.64 by SEK 0.15. Swedbank had a net margin of 26.30% and a return on equity of 15.55%. The company had revenue of SEK 1.80 billion during the quarter, compared to the consensus estimate of SEK 1.73 billion. On average, sell-side analysts anticipate that Swedbank AB will post 2.34 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.