Swedbank (OTCMKTS:SWDBY) Shares Gap Down – Time to Sell?

Swedbank AB (OTCMKTS:SWDBY) shares gapped down before the market opened on Tuesday . The stock had previously closed at SEK 36.28, but opened at SEK 34.67. Swedbank shares last traded at SEK 34.98, with a volume of 7,889 shares changing hands.

Wall Street Analyst Weigh In

SWDBY has been the subject of several recent analyst reports. Zacks Research raised shares of Swedbank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research report on Tuesday, January 20th. Barclays reiterated an “underweight” rating on shares of Swedbank in a research report on Wednesday, December 10th. Morgan Stanley restated an “underweight” rating on shares of Swedbank in a report on Thursday, February 12th. Finally, The Goldman Sachs Group lowered shares of Swedbank from a “hold” rating to a “sell” rating in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Swedbank presently has a consensus rating of “Reduce”.

Swedbank Price Performance

The business’s fifty day simple moving average is SEK 37.96 and its 200 day simple moving average is SEK 33.83. The company has a debt-to-equity ratio of 3.42, a quick ratio of 1.50 and a current ratio of 1.51. The stock has a market cap of $39.58 billion, a price-to-earnings ratio of 11.88 and a beta of 0.69.

Swedbank (OTCMKTS:SWDBY) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported SEK 0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of SEK 0.67 by SEK 0.10. The company had revenue of SEK 1.84 billion for the quarter, compared to the consensus estimate of SEK 1.79 billion. Swedbank had a return on equity of 15.50% and a net margin of 30.27%. Research analysts predict that Swedbank AB will post 2.34 EPS for the current fiscal year.

About Swedbank

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.