Swedbank (OTCMKTS:SWDBY) Reaches New 1-Year High - Here's What Happened

Key Points

• Swedbank's stock reached a new 12-month high of SEK 29.35, demonstrating positive momentum with a trading volume of 3007 shares.
• Analysts show mixed sentiments, with Morgan Stanley rating Swedbank as "underweight" and UBS Group downgrading it to "hold," resulting in a consensus rating of "Reduce."
• For the last quarter, Swedbank reported an earnings per share of SEK 0.72, a **return on equity** of 16.12%, and a **net margin** of 25.22% on revenue of SEK 1.76 billion.

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as SEK 29.35 and last traded at SEK 29.35, with a volume of 3007 shares traded. The stock had previously closed at SEK 29.27.

Analyst Ratings Changes

SWDBY has been the topic of a number of recent research reports. Morgan Stanley reissued an "underweight" rating on shares of Swedbank in a research report on Tuesday, September 2nd. UBS Group lowered shares of Swedbank from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Swedbank has an average rating of "Reduce".

Swedbank Trading Up 0.2%

The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 3.89. The firm's 50 day simple moving average is SEK 27.74 and its two-hundred day simple moving average is SEK 25.95. The stock has a market cap of $33.55 billion, a P/E ratio of 10.28 and a beta of 0.71.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported SEK 0.72 earnings per share for the quarter. Swedbank had a net margin of 25.22% and a return on equity of 16.12%. The firm had revenue of SEK 1.76 billion during the quarter. As a group, equities research analysts predict that Swedbank AB will post 2.34 earnings per share for the current fiscal year.

Swedbank Company Profile

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.