Swedbank (OTCMKTS:SWDBY) Reaches New 12-Month High – What’s Next?

Swedbank AB (OTCMKTS:SWDBY)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as SEK 34.97 and last traded at SEK 34.90, with a volume of 8800 shares. The stock had previously closed at SEK 34.91.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SWDBY shares. Citigroup reiterated a “neutral” rating on shares of Swedbank in a research report on Tuesday, October 14th. The Goldman Sachs Group downgraded Swedbank from a “hold” rating to a “sell” rating in a research note on Thursday, December 4th. Zacks Research upgraded shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Barclays reissued an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a report on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Swedbank Stock Performance

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 stock has a market cap of $39.27 billion, a P/E ratio of 12.07 and a beta of 0.65. The stock has a 50-day simple moving average of SEK 31.69 and a 200-day simple moving average of SEK 29.21.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported SEK 0.79 earnings per share for the quarter, beating analysts’ consensus estimates of SEK 0.64 by SEK 0.15. The company had revenue of SEK 1.80 billion for the quarter, compared to the consensus estimate of SEK 1.73 billion. Swedbank had a net margin of 26.30% and a return on equity of 15.55%. Research analysts forecast that Swedbank AB will post 2.34 earnings per share for the current 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.