Swedbank (OTCMKTS:SWDBY) Hits New 52-Week High – Time to Buy?

Shares of Swedbank AB (OTCMKTS:SWDBY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as SEK 40.47 and last traded at SEK 40.37, with a volume of 5604 shares changing hands. The stock had previously closed at SEK 40.15.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SWDBY shares. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a research report on Tuesday, January 20th. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research report on Monday, November 24th. Barclays reissued an “underweight” rating on shares of Swedbank in a report on Wednesday, December 10th. The Goldman Sachs Group downgraded shares of Swedbank from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. Finally, Zacks Research cut shares of Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Four research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Swedbank has a consensus rating of “Reduce”.

Swedbank Stock Down 0.2%

The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.50 and a current ratio of 1.50. The company’s fifty day moving average price is SEK 35.32 and its 200-day moving average price is SEK 31.45. The stock has a market cap of $45.09 billion, a P/E ratio of 13.54 and a beta of 0.67.

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, beating analysts’ consensus estimates of SEK 0.67 by SEK 0.10. The company had revenue of SEK 1.84 billion during the quarter, compared to analysts’ expectations of SEK 1.79 billion. Swedbank had a return on equity of 15.87% and a net margin of 30.27%. Equities analysts forecast that Swedbank AB will post 2.34 EPS for the current year.

Swedbank Company Profile

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.