Swedbank (OTCMKTS:SWDBY) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Swedbank (OTCMKTS:SWDBY) issued its quarterly earnings data on Thursday. The financial services provider reported SEK 0.76 EPS for the quarter, topping analysts’ consensus estimates of SEK 0.73 by SEK 0.03, Zacks reports. Swedbank had a return on equity of 14.84% and a net margin of 29.45%.

Swedbank Stock Performance

SWDBY opened at SEK 39.89 on Thursday. The company has a market cap of $44.85 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 2.94 and a beta of 0.71. The stock has a 50-day moving average of SEK 40.25 and a 200-day moving average of SEK 38.04. Swedbank has a 52-week low of SEK 29.80 and a 52-week high of SEK 42.36. The company has a debt-to-equity ratio of 4.25, a quick ratio of 1.47 and a current ratio of 1.47.

Analyst Ratings Changes

Several brokerages have weighed in on SWDBY. Zacks Research downgraded Swedbank from a “hold” rating to a “strong sell” rating in a research note on Friday, September 11th. Barclays upgraded shares of Swedbank from a “cautious” rating to an “overweight” rating in a research note on Friday, October 9th. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research note on Monday, October 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Swedbank in a research note on Wednesday, September 16th. Finally, The Goldman Sachs Group upgraded shares of Swedbank from a “sell” rating to a “hold” rating in a report on Monday, July 20th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

About Swedbank

Swedbank AB is a Swedish banking group that provides financial services to private individuals, businesses and institutional customers. Its main activities include deposit accounts, consumer and mortgage lending, business financing, payment services, card products, investment services and insurance-related offerings.

The bank serves customers primarily in Sweden and the Baltic countries of Estonia, Latvia and Lithuania. Through its digital channels, branches and other distribution networks, Swedbank offers everyday banking, savings and investment products, as well as services for corporate cash management, payments and capital financing.

Swedbank’s history is rooted in Sweden’s savings-bank movement, which dates back to the early 19th century.