Swedbank (OTCMKTS:SWDBY) Hits New 52-Week High - Still a Buy?

Key Points

• Swedbank shares reached a new 52-week high, trading as high as SEK 42.36 and closing at SEK 41.99, above their 50-day and 200-day moving averages.
• Analyst sentiment remains cautious: one analyst rates the stock Buy, two rate it Hold, and three rate it Sell, resulting in a consensus “Reduce” rating.
• Swedbank reported quarterly EPS of SEK 0.68 on revenue of SEK 1.93 billion, with a 14.84% return on equity and 29.45% net margin; analysts expect full-year EPS of SEK 2.81.

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as SEK 42.36 and last traded at SEK 41.99, with a volume of 14000 shares traded. The stock had previously closed at SEK 41.99.

Wall Street Analyst Weigh In

SWDBY has been the topic of a number of research analyst reports. Zacks Research lowered Swedbank from a "hold" rating to a "strong sell" rating in a research note on Friday, September 11th. The Goldman Sachs Group raised shares of Swedbank from a "sell" rating to a "hold" rating in a research note on Monday, July 20th. Citigroup reiterated a "neutral" rating on shares of Swedbank in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Swedbank in a research report on Wednesday, September 16th. Finally, Morgan Stanley reaffirmed an "underweight" rating on shares of Swedbank in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Swedbank presently has a consensus rating of "Reduce".

Swedbank Price Performance

The stock has a fifty day moving average of SEK 39.64 and a two-hundred day moving average of SEK 37.26. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.25. The stock has a market cap of $47.21 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 3.21 and a beta of 0.68.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last announced its quarterly earnings results on Friday, July 17th. The financial services provider reported SEK 0.68 EPS for the quarter. The company had revenue of SEK 1.93 billion during the quarter. Swedbank had a return on equity of 14.84% and a net margin of 29.45%. As a group, analysts predict that Swedbank AB will post 2.81 EPS for the current fiscal 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.

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