Swedbank (OTCMKTS:SWDBY) Trading Down 1.4% - Time to Sell?

Key Points

• Swedbank's stock price decreased by 1.4%, closing at SEK 26.71, following a decline in trading volume by 22% compared to its average daily volume.
• Analysts have recently downgraded Swedbank's rating from "strong-buy" to "hold", resulting in an average rating of "hold" among research analysts.
• For the last quarter, Swedbank reported SEK 0.72 EPS with a revenue of SEK 1.76 billion and a net margin of 25.22%, while analysts project an EPS of 2.34 for the current year.

Shares of Swedbank AB (OTCMKTS:SWDBY - Get Free Report) were down 1.4% during mid-day trading on Monday . The company traded as low as SEK 26.68 and last traded at SEK 26.71. Approximately 19,400 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 24,723 shares. The stock had previously closed at SEK 27.09.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SWDBY shares. UBS Group downgraded shares of Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Hsbc Global Res downgraded shares of Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold".

Swedbank Price Performance

The stock has a 50 day moving average price of SEK 26.36 and a two-hundred day moving average price of SEK 24.59. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.54 and a current ratio of 1.47. The company has a market capitalization of $30.11 billion, a PE ratio of 9.23 and a beta of 0.78.

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