Swedbank (OTCMKTS:SWDBY) Hits New 1-Year High - Still a Buy?

Key Points

• Swedbank's share price reached a new 52-week high of SEK 30.05 during trading, closing at SEK 29.74 with a trading volume of 15,200 shares.
• Analyst ratings for Swedbank have been mixed, with UBS Group downgrading the stock from "strong-buy" to "hold", while Morgan Stanley maintained an "underweight" rating.
• The bank reported earnings of SEK 0.72 per share for the last quarter, contributing to a net margin of 25.22% and a return on equity of 16.12%.

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as SEK 30.05 and last traded at SEK 29.74, with a volume of 15200 shares traded. The stock had previously closed at SEK 29.75.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SWDBY. Morgan Stanley restated 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 report on Friday, June 6th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Swedbank currently has a consensus rating of "Reduce".

Swedbank Stock Performance

The company has a market cap of $33.03 billion, a price-to-earnings ratio of 10.12 and a beta of 0.71. The stock's fifty day simple moving average is SEK 27.84 and its two-hundred day simple moving average is SEK 26.01. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.47 and a current ratio of 1.47.

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

About Swedbank

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.