Swedbank (OTCMKTS:SWDBY) Hits New 1-Year High – What’s Next?

Swedbank AB (OTCMKTS:SWDBY)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as SEK 42.36 and last traded at SEK 41.99, with a volume of 14000 shares trading hands. The stock had previously closed at SEK 41.99.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of Swedbank in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Swedbank in a research report on Wednesday, September 16th. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. Finally, Zacks Research downgraded shares of Swedbank from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Swedbank Stock Performance

The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $46.36 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 3.20 and a beta of 0.68. The stock’s 50 day moving average price is SEK 39.75 and its 200 day moving average price is SEK 37.33.

Swedbank (OTCMKTS:SWDBY) last released its quarterly earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. The firm had revenue of SEK 1.93 billion for the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%. As a group, equities analysts expect that Swedbank AB will post 2.81 EPS for the current year.

Swedbank Company Profile

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its principal activities include accepting deposits, providing mortgages and other lending products, facilitating payments, and offering savings, investment and insurance services.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital and branch-based channels, Swedbank offers everyday banking, personal finance products, corporate banking, cash management and financial advice.