Swedbank (OTCMKTS:SWDBY) Sees Strong Trading Volume – Here’s Why

Swedbank AB (OTCMKTS:SWDBY) saw strong trading volume on Wednesday. 48,345 shares traded hands during trading, an increase of 74% from the previous session’s volume of 27,816 shares. The stock last traded at SEK 39.94 and had previously closed at SEK 40.38.

Analyst Ratings Changes

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

Swedbank Stock Performance

The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.25. The company has a market capitalization of $43.23 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 2.91 and a beta of 0.71. The stock’s 50 day moving average is SEK 40.22 and its two-hundred day moving average is SEK 38.06.

Swedbank (OTCMKTS:SWDBY) last announced its earnings results on Thursday, October 22nd. The financial services provider reported SEK 0.76 EPS for the quarter, topping analysts’ consensus estimates of SEK 0.73 by SEK 0.03. Swedbank had a net margin of 29.45% and a return on equity of 14.84%. As a group, sell-side analysts predict that Swedbank AB will post 2.74 EPS for the current fiscal year.

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.