Swedbank (OTCMKTS:SWDBY) Shares Down 0.4% - What's Next?

Shares of Swedbank AB (OTCMKTS:SWDBY - Get Free Report) were down 0.4% during mid-day trading on Monday . The stock traded as low as SEK 26.35 and last traded at SEK 26.37. Approximately 13,900 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 25,879 shares. The stock had previously closed at SEK 26.48.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SWDBY shares. Citigroup cut Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. Hsbc Global Res cut Swedbank from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, UBS Group cut Swedbank from a "strong-buy" rating to a "hold" rating in a report on Friday, June 6th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, Swedbank presently has a consensus rating of "Hold".

Swedbank Trading Up 0.8%

The stock has a market capitalization of $30.41 billion, a PE ratio of 9.35 and a beta of 0.78. The firm has a 50 day moving average price of SEK 26.21 and a 200 day moving average price of SEK 23.94.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. The business had revenue of SEK 1.62 billion during the quarter. Swedbank had a return on equity of 16.45% and a net margin of 24.34%. On average, equities research analysts expect 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.