Swedbank (OTCMKTS:SWDBY) Trading Down 10.3% – Should You Sell?

Swedbank AB (OTCMKTS:SWDBY) traded down 10.3% on Thursday . The stock traded as low as SEK 32.37 and last traded at SEK 32.47. 6,166 shares changed hands during trading, a decline of 75% from the average session volume of 24,291 shares. The stock had previously closed at SEK 36.20.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a report on Thursday, February 12th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday, January 20th. Barclays reissued an “underweight” rating on shares of Swedbank in a research note on Wednesday, December 10th. The Goldman Sachs Group cut Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. Finally, Zacks Research upgraded Swedbank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. 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 has a consensus rating of “Reduce”.

Swedbank Price Performance

The company has a debt-to-equity ratio of 3.42, a current ratio of 1.51 and a quick ratio of 1.50. The firm has a market capitalization of $36.49 billion, a P/E ratio of 10.96, a PEG ratio of 4.76 and a beta of 0.69. The company’s 50 day moving average price is SEK 37.73 and its 200 day moving average price is SEK 33.91.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of SEK 0.67 by SEK 0.10. The firm had revenue of SEK 1.84 billion for the quarter, compared to the consensus estimate of SEK 1.79 billion. Swedbank had a return on equity of 15.50% and a net margin of 30.27%. As a group, 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.