Swedbank AB (publ) (OTCMKTS:SWDBY) Posts Quarterly Earnings Results

Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) released its earnings results on Tuesday. The financial services provider reported SEK 0.68 earnings per share for the quarter, Zacks reports. The company had revenue of SEK 1.62 billion during the quarter. Swedbank AB (publ) had a return on equity of 16.95% and a net margin of 23.64%.

Swedbank AB (publ) Trading Up 1.4 %

Shares of OTCMKTS SWDBY traded up SEK 0.35 during midday trading on Friday, reaching SEK 25.15. 11,900 shares of the stock were exchanged, compared to its average volume of 29,187. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.52 and a quick ratio of 1.50. Swedbank AB has a 12 month low of SEK 18.71 and a 12 month high of SEK 26.56. The business has a 50-day simple moving average of SEK 23.84 and a two-hundred day simple moving average of SEK 21.81. The company has a market capitalization of $28.30 billion, a price-to-earnings ratio of 8.58, a P/E/G ratio of 0.93 and a beta of 0.80.

Swedbank AB (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Monday, April 14th. Shareholders of record on Friday, March 28th were issued a $1.9773 dividend. The ex-dividend date was Friday, March 28th. This is a positive change from Swedbank AB (publ)'s previous dividend of $1.48. Swedbank AB (publ)'s dividend payout ratio (DPR) is 69.90%.

Analyst Ratings Changes

A number of research firms recently weighed in on SWDBY. Barclays downgraded shares of Swedbank AB (publ) from a "hold" rating to a "strong sell" rating in a research note on Monday, February 3rd. Hsbc Global Res downgraded Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Citigroup cut Swedbank AB (publ) from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st.

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.