Swedbank (OTCMKTS:SWDBY) Stock Price Down 1.4% - Here's What Happened

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.

Swedbank AB (OTCMKTS:SWDBY - Get Free Report) shares were down 1.4% during trading on Monday . The company traded as low as SEK 26.68 and last traded at SEK 26.71. Approximately 19,400 shares traded hands during 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 analysts have commented on SWDBY shares. Citigroup cut shares of Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. Hsbc Global Res cut shares of Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, UBS Group cut shares of Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, Swedbank has an average rating of "Hold".

Swedbank Stock Performance

The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.54 and a current ratio of 1.54. The stock has a market cap of $30.05 billion, a PE ratio of 9.21 and a beta of 0.78. The company's 50 day simple moving average is SEK 26.36 and its 200 day simple moving average is SEK 24.49.

Swedbank (OTCMKTS:SWDBY - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported SEK 0.72 EPS for the quarter. The firm had revenue of SEK 1.76 billion during the quarter. Swedbank had a net margin of 25.22% and a return on equity of 16.47%. Analysts expect 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.

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