Swedbank (OTCMKTS:SWDBY) Shares Gap Up – Here’s What Happened

Swedbank AB (OTCMKTS:SWDBY) gapped up before the market opened on Friday . The stock had previously closed at SEK 35.33, but opened at SEK 36.86. Swedbank shares last traded at SEK 36.84, with a volume of 2,273 shares.

Analyst Ratings Changes

A number of research firms have recently issued reports on SWDBY. Citigroup restated a “neutral” rating on shares of Swedbank in a research note on Thursday, May 7th. Zacks Research cut shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell”.

Swedbank Trading Up 1.8%

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 moving average price is SEK 35.53 and its 200-day moving average price is SEK 35.85. The company has a market cap of $41.72 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 1.87 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported SEK 0.71 earnings per share for the quarter. Swedbank had a net margin of 30.22% and a return on equity of 15.02%. The business had revenue of SEK 1.87 billion during the quarter. On average, equities analysts anticipate that Swedbank AB will post 3.07 EPS for the current fiscal 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.