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

Swedbank AB (OTCMKTS:SWDBY) shares saw an uptick in trading volume on Thursday . 28,069 shares traded hands during trading, an increase of 28% from the previous session’s volume of 21,950 shares.The stock last traded at SEK 35.77 and had previously closed at SEK 35.94.

Analyst Upgrades and Downgrades

SWDBY has been the subject of several research reports. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a research report on Thursday, February 12th. Zacks Research raised shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Barclays restated an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th. The Goldman Sachs Group downgraded shares of Swedbank from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Finally, Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Swedbank Stock Performance

The stock’s 50-day simple moving average is SEK 37.95 and its 200 day simple moving average is SEK 33.70. The company has a market capitalization of $39.30 billion, a PE ratio of 11.80 and a beta of 0.69. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.50 and a current ratio of 1.51.

Swedbank (OTCMKTS:SWDBY) last issued its earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 EPS for the quarter, topping analysts’ consensus estimates of SEK 0.67 by SEK 0.10. The firm had revenue of SEK 1.84 billion during the quarter, compared to the consensus estimate of SEK 1.79 billion. Swedbank had a net margin of 30.27% and a return on equity of 15.50%. As a group, research analysts expect that Swedbank AB will post 2.34 earnings per share 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.