Swedbank AB (publ) (OTCMKTS:SWDBY) Sees Significant Drop in Short Interest

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 7,500 shares, a drop of 74.8% from the March 31st total of 29,800 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 115,900 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Several research firms have commented on SWDBY. Hsbc Global Res downgraded Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Citigroup cut Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. Finally, Barclays lowered Swedbank AB (publ) from a "hold" rating to a "strong sell" rating in a research report on Monday, February 3rd.

Swedbank AB (publ) Trading Down 0.3 %

Shares of Swedbank AB (publ) stock traded down SEK 0.07 on Friday, reaching SEK 24.80. 27,800 shares of the company were exchanged, compared to its average volume of 29,398. The company has a current ratio of 1.52, a quick ratio of 1.50 and a debt-to-equity ratio of 3.63. Swedbank AB has a fifty-two week low of SEK 18.71 and a fifty-two week high of SEK 26.56. The stock has a fifty day moving average price of SEK 23.83 and a 200-day moving average price of SEK 21.78. The firm has a market capitalization of $27.91 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78.

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) last announced its earnings results on Tuesday, April 29th. The financial services provider reported SEK 0.68 EPS for the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%. The business had revenue of SEK 1.62 billion for the quarter. On average, analysts expect that Swedbank AB will post 2.34 EPS for the current year.

Swedbank AB (publ) Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, April 14th. Stockholders of record on Friday, March 28th were given a $1.9773 dividend. The ex-dividend date was Friday, March 28th. This is a boost from Swedbank AB (publ)'s previous dividend of $1.48. Swedbank AB (publ)'s payout ratio is presently 68.94%.

About Swedbank AB (publ)

Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.