Swedbank (OTCMKTS:SWDBY) Sees Large Volume Increase – Here’s Why

Swedbank AB (OTCMKTS:SWDBY) shares saw an uptick in trading volume on Wednesday . 41,379 shares were traded during mid-day trading, an increase of 78% from the previous session’s volume of 23,275 shares.The stock last traded at SEK 35.68 and had previously closed at SEK 35.48.

Analyst Upgrades and Downgrades

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

Swedbank Price Performance

The company has a market capitalization of $36.19 billion, a P/E ratio of 10.86, a P/E/G ratio of 5.36 and a beta of 0.69. The company has a current ratio of 1.51, a quick ratio of 1.50 and a debt-to-equity ratio of 3.42. The business’s 50-day simple moving average is SEK 37.84 and its 200 day simple moving average is SEK 33.89.

Swedbank (OTCMKTS:SWDBY) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of SEK 0.67 by SEK 0.10. Swedbank had a return on equity of 15.50% and a net margin of 30.27%.The company had revenue of SEK 1.84 billion for the quarter, compared to analysts’ expectations of SEK 1.79 billion. As a group, sell-side analysts anticipate that Swedbank AB will post 2.34 EPS for the current year.

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.