Swedbank (OTCMKTS:SWDBY) Releases Earnings Results, Beats Estimates By $0.10 EPS

Swedbank (OTCMKTS:SWDBY) issued its quarterly earnings results on Thursday. The financial services provider reported SEK 0.77 EPS for the quarter, beating the consensus estimate of SEK 0.67 by SEK 0.10, Zacks reports. Swedbank had a return on equity of 15.55% and a net margin of 26.30%.

Swedbank Stock Performance

Shares of Swedbank stock traded up SEK 0.01 on Thursday, reaching SEK 39.22. 6,529 shares of the company traded hands, compared to its average volume of 16,998. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $44.14 billion, a PE ratio of 13.57 and a beta of 0.66. The company has a 50 day moving average of SEK 34.58 and a 200 day moving average of SEK 31.02. Swedbank has a 52 week low of SEK 19.16 and a 52 week high of SEK 40.22.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SWDBY. Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research report on Monday, November 24th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a research report on Tuesday, January 20th. Zacks Research downgraded Swedbank from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Barclays reissued an “underweight” rating on shares of Swedbank in a research note on Wednesday, December 10th. Finally, The Goldman Sachs Group lowered shares of Swedbank from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. Four research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Swedbank has an average rating of “Reduce”.

About Swedbank

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.