Swedbank (OTCMKTS:SWDBY) Sets New 12-Month High - Still a Buy?

Key Points

• Swedbank shares reached a new 52-week high of SEK 30.22 during mid-day trading, signifying strong market performance.
• Analysts are cautious, with Morgan Stanley maintaining an "underweight" rating and UBS Group downgrading from "strong-buy" to "hold," indicating mixed sentiments about the stock.
• Swedbank reported SEK 0.72 earnings per share for the last quarter, reflecting 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 during mid-day trading on Tuesday . The stock traded as high as SEK 30.22 and last traded at SEK 30.21, with a volume of 8900 shares trading hands. The stock had previously closed at SEK 30.05.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Morgan Stanley reiterated an "underweight" rating on shares of Swedbank in a research report on Tuesday, September 2nd. UBS Group downgraded Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce".

Swedbank Trading Up 0.5%

The stock has a market cap of $33.99 billion, a price-to-earnings ratio of 10.42 and a beta of 0.71. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.47 and a current ratio of 1.47. The business has a 50-day simple moving average of SEK 28.40 and a two-hundred day simple moving average of SEK 26.22.

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 business had revenue of SEK 1.76 billion during the quarter. As a group, research analysts forecast 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.

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